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MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
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Oil prices down in Asian trade
Oil prices fell in Asian trade Thursday after a surprise uptick in US crude stockpiles, but losses were tempered by growing concerns over turmoil in Turkey, analysts said.
New York’s main contract, light sweet crude for delivery in July, dropped 37 cents to $95.51 a barrel and Brent North Sea crude for July shed 21 cents to $103.28 in morning trade.
“Many were expecting a seasonal drawdown on stockpiles, with the US driving season well underway, but that has not been the case,” David Lennox, resource analyst at Fat Prophets in Sydney, said.
The US Energy Information Administration reported on Wednesday that US crude inventories rose 2.5 million barrels in the week ending June 7, instead of the decline of 400,000 barrels expected by analysts polled by Dow Jones Newswires.
The data indicated weaker demand in the world’s top crude oil consumer in during the summer season when Americans traditionally take to the roads for their holidays.
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The group accused Israel, which has so far refused to comment, as US denies involvement
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
Israel has not yet commented on the explosions
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region