{"id":152630,"date":"2025-05-05T16:03:42","date_gmt":"2025-05-05T09:03:42","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oil-prices-plunge-over-2-as-opec-accelerates-output-hikes\/"},"modified":"2025-05-05T16:04:19","modified_gmt":"2025-05-05T09:04:19","slug":"oil-prices-plunge-over-2-as-opec-accelerates-output-hikes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oil-prices-plunge-over-2-as-opec-accelerates-output-hikes\/","title":{"rendered":"Oil prices plunge over $2 as OPEC+ accelerates output hikes"},"content":{"rendered":"


\nBrent crude futures dropped 3.61 per cent, to $59.08 a barrel, while US West Texas Intermediate crude was at $56.00 a barrel, down by 3.93 per cent
\n
\nSource : arabianbusiness.com
\nRead more…Oil prices plunge over as OPEC+ accelerates output hikes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Brent crude futures dropped 3.61 per cent, to $59.08 a barrel, while US West Texas...<\/p>\n","protected":false},"author":1,"featured_media":152631,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-152630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/05\/oilfield-derrick-1000x667-1.jpg?fit=1000%2C667&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-DHM","jetpack-related-posts":[{"id":126624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/opec-signals-small-hike-in-oil-output-lifting-prices-as-eu-looks-to-ban-russian-crude\/","url_meta":{"origin":152630,"position":0},"title":"OPEC+ signals small hike in oil output, lifting prices as EU looks to ban Russian crude","date":"May 5, 2022","format":false,"excerpt":"\r Oil has surged more than 40 percent in 2022, with the Russia-Ukraine war disrupting flows, lifting inflation, and causing central banks - including the US Federal Reserve - to start tightening monetary policy\r \r Source : arabianbusiness.com\r Read more...OPEC+ signals small hike in oil output, lifting prices as EU\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/05\/oil-rig-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":90872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-said-to-ask-opec-for-1-million-barrel-a-day-output-hike\/","url_meta":{"origin":152630,"position":1},"title":"US said to ask OPEC for 1 million barrel a day output hike","date":"June 5, 2018","format":false,"excerpt":"\r Move comes after President Donald Trump publicly complained about OPEC policy and rising oil prices on Twitter\r \r Source : arabianbusiness.com\r Read more...US said to ask OPEC for 1 million barrel a day output hike","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/opec-crude-deal-sends-oil-prices-surging\/","url_meta":{"origin":152630,"position":2},"title":"Opec crude deal sends oil prices surging","date":"September 29, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Opec crude deal sends oil prices surging","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oil-cartel-opec-set-to-extend-production-cuts-to-stop-crude-prices-slipping\/","url_meta":{"origin":152630,"position":3},"title":"Oil cartel Opec set to extend production cuts to stop crude prices slipping","date":"November 30, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Oil cartel Opec set to extend production cuts to stop crude prices slipping","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/opec-agrees-on-hold-output-targets-unchanged-amidst-softening-of-oil-prices\/","url_meta":{"origin":152630,"position":4},"title":"OPEC+ agrees on hold output targets unchanged amidst softening of oil prices","date":"December 5, 2022","format":false,"excerpt":"\r The decision comes as oil markets wait to see how a slowing Chinese economy and a G7 price cap on Russian oil would affect demand and supply fundamentals\r \r Source : arabianbusiness.com\r Read more...OPEC+ agrees on hold output targets unchanged amidst softening of oil prices","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/12\/oil-rig-1000x667-2.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":55921,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ftse-100-flirts-with-record-highs-and-oil-prices-jump-as-opec-set-to-extend-output-cuts\/","url_meta":{"origin":152630,"position":5},"title":"FTSE 100 flirts with record highs and oil prices jump as Opec set to extend output cuts\u00a0","date":"May 25, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...FTSE 100 flirts with record highs and oil prices jump as Opec set to extend output cuts\u00a0","rel":"","context":"In "Property 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