{"id":6651,"date":"2015-03-19T08:18:56","date_gmt":"2015-03-19T13:18:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6651"},"modified":"2015-03-19T08:18:56","modified_gmt":"2015-03-19T13:18:56","slug":"kuwait-over-supply-concerns-send-wti-tumbling-back-to-42-handle","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6651","title":{"rendered":"Kuwait &#8220;Over-Supply&#8221; Concerns Send WTI Tumbling Back To $42 Handle"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-19\/kuwait-over-supply-concerns-send-wti-tumbling-back-42-handle\" target=\"_blank\">Kuwait &#8220;Over-Supply&#8221; Concerns Send WTI Tumbling Back To $42 Handle<\/a><\/h3>\n<p>Reversing all of yesterday&#8217;s FOMC-inspired idiocy, WTI has plunged back to reality this morning. Following comments by Kuwait&#8217;s comments that\u00a0<strong>OPEC had no choice but to keep production steady, refocusing the market on global oversupply<\/strong>, April WTI is back down to a $42 handle.<\/p>\n<p>All of yesterday&#8217;s idiocy unwound&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150319_cl.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/03\/20150319_cl_0.jpg\" alt=\"\" width=\"600\" height=\"447\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2015\/03\/19\/us-markets-oil-idUSKBN0MF06T20150319\"><em>As Reuters reports,<\/em><\/a><\/p>\n<blockquote>\n<div class=\"quote_start\"><\/div>\n<div class=\"quote_end\"><\/div>\n<p>Kuwait&#8217;s oil minister said on Thursday he was concerned by the 50 percent drop in oil prices since June because of its impact on the Gulf Arab state&#8217;s budget, but said<strong>OPEC had no choice but to keep output steady.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>&#8220;We don\u2019t want to lose our share in the market,&#8221;<\/strong>\u00a0Ali al-Omair told reporters.<\/p><\/blockquote>\n<p>*\u00a0 * *<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuwait &#8220;Over-Supply&#8221; Concerns Send WTI Tumbling Back To $42 Handle Reversing all of yesterday&#8217;s FOMC-inspired idiocy, WTI has plunged back to reality this morning. Following comments by Kuwait&#8217;s comments that\u00a0OPEC had no choice but to keep production steady, refocusing the market on global oversupply, April WTI is back down to a $42 handle. All of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[1606,2245,1775,600,4252,1451,895],"class_list":["post-6651","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-kuwait","tag-oil-market","tag-oil-price-collapse","tag-opec","tag-oversupply","tag-west-texas-intermediate","tag-wti"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6651"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6651\/revisions"}],"predecessor-version":[{"id":6652,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6651\/revisions\/6652"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}