LONDON — Oil prices rose on Monday after the new Saudi Arabian energy minister, Prince Abdulaziz bin Salman, confirmed expectations that there would be no radical change in his country’s oil policy.
Global benchmark Brent crude futures were up 46 cents at US$62.00 a barrel by 1011 GMT, while U.S. West Texas Intermediate was up 48 cents at US$57.00. He added that the so-called OPEC+ alliance between OPEC and non-member countries including Russia, a partnership he helped cement, was staying for the long term. He declined to comment on oil prices.
The United Arab Emirates’ energy minister, Suhail bin Mohammed al-Mazroui, said on Sunday that OPEC and non-OPEC producers were “committed” to achieving oil market balance.Trade and geopolitical tensions are affecting the market more than demand and supply, Mazrouei said, but he was quick to rule out hasty steps influenced by the trade war between the United States and China.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi King Salman replaces energy minister with one of his sonsPrince Abdulaziz bin Salman, the new energy minister, is an older half brother to 34-year-old Crown Prince Mohammed bin Salman and replaces Khalid al-Falih, who had been in the role since 2016.
Source: globeandmail - 🏆 5. / 92 Read more »
Saudi Aramco likely to give IPO roles to Citi, Goldman, HSBC and Samba, source saysSaudi Aramco likely to give IPO roles to Citi, Goldman, HSBC and Samba, source says GlobeBusiness
Source: globeandmail - 🏆 5. / 92 Read more »
Saudi King Salman replaces energy minister with one of his sonsPrince Abdulaziz bin Salman, the new energy minister, is an older half brother to 34-year-old Crown Prince Mohammed bin Salman and replaces Khalid al-Falih, who had been in the role since 2016.
Source: globeandmail - 🏆 5. / 92 Read more »
What do cannabis and bonsai have in common?When combined, weed bonsai offers both form and function. Here’s what to keep in mind when growing your own TheGrowthOp You can show them both to your parents when you want them to think you joined a cult?
Source: nationalpost - 🏆 10. / 80 Read more »
People with disabilities say new air passenger rights a step backwardAdvocates for people with disabilities say the new rules giving new rights to airline passengers do little to help them, and in some cases present new and stronger barriers. Yup, you don't even wanna know what Air Canada did to me last year because I was in a wheelchair. It was a nightmare and humiliating! Can I ride with the luggage please !
Source: CTVNews - 🏆 1. / 99 Read more »
After winning the U.S. Open, Bianca Andreescu is a name we won’t forgetThe queen died on Sunday. In keeping with the way of these things, the world just met the new one. Globe_Sports Canada is Rising After WeTheNorth Now SheTheNorth Proud Moment Globe_Sports After Apologizing on behalf of Canada for years on Twitter. Hey rest of the World 'CANADA IS NOW THE TOP NATION IN WOMEN'S TENNIS!' .. eat it. yougogirl biancaandreescu Globe_Sports This article says she one the US Open in Sunday... that’s tomorrow
Source: globeandmail - 🏆 5. / 92 Read more »