MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
Benchmark crude for January delivery was up 53 cents to $87.02 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped 69 cents to finish at $86.49 per barrel in New York.
Oil has traded in a narrow range this month as cautious investors await the outcome of budget talks in Washington. Without an agreement, huge tax hikes and spending cuts will automatically take effect Jan. 1 — the deadline dubbed the “fiscal cliff.”
Economists say that could push the US back into a recession, and it would mean less demand for oil and other energy products. But Republican House Speaker John Boehner and President Barack Obama both issued statements on Wednesday indicating that negotiations were progressing.
In Europe, meanwhile, sentiment improved this week after Greece’s bailout creditors agreed to pay its next installment of loans and outlined a series of measures to lower its debt load over the coming decade.
Separately, the American Petroleum Institute reported that crude oil supplies rose 1.96 million barrels in the week ending Nov. 23.
Brent crude, which is used to price many international varieties of oil, rose 29 cents to $109.80 per barrel on London’s ICE Futures exchange.
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
world9 hours ago
The group accused Israel, which has so far refused to comment, as US denies involvement
mena9 hours ago
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
world10 hours ago
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
uae10 hours ago
Israel has not yet commented on the explosions
europe10 hours ago
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region
economy10 hours ago