Economy Foreign News

Saudi Arabia, China agree to strengthen energy cooperation

Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, and the Director of China’s National Energy Administration, Zhang Jianhua, on Friday, said they would strengthen their ties in the energy sector.   The officials spoke in a teleconference call and stressed the importance of stable long-term supplies to crude oil markets. The Saudi minister reaffirmed earlier […]

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Business Foreign News

Oil jumps about $4 as OPEC+ weighs biggest output cut since 2020

By Agency Report Oil prices jumped nearly $4 a barrel on Monday as OPEC+ considered reducing output by more than one million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Brent crude futures for December delivery rose $3.72 to $88.86 a barrel, […]

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