7 hours agoThe situation in Saudi Arabia affects pricey oil
Periskopi(9 years ago)
(9 years ago)Oil prices are on the way for the fifth week in a row to score profits, as the political crisis in the world's largest oil exporter, Saudi Arabia, has neutralised growth in US production. Oil has been expensive this week 2.7 percent, following the arrest of Saudi senior officials within action [...]
Oil has been expensive this week 2.7 percent, following the arrest of Saudi senior officials within the framework of the anti-corruption action.
Their arrest is seen as strengthening the powers of Prince Mohammed bin Salman, who supports the continuation of the agreement between member states and not members of the Organisation of oil exporters (OPEK) for reducing production.
