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Saudi cabinet says ready to use spare oil capacity as needed
04 July 2018, 06:31 | Kelvin Horton
Trump blasts Europe for 'unfair' trade policies in Fox News interview as he says his parents were born in the EU
U.S. markets were jolted Tuesday morning as Crude Oil made a large downturn after touching $75 a barrel, a price not seen in four years.
The White House later walked back the president's comments, saying the king had said his country could raise oil production if needed.
Iran says it will find ways to export its oil, despite what he does.
Late last week, Iran's Oil Minister Bijan Zangeneh urged the Organization of Petroleum Exporting Countries (OPEC) to prevent some of its members from increasing output without arriving at a consensus. It comes as Mr. Trump pulled the US out of Tehran's nuclear deal with world powers in May.
Brent for September settlement advanced $1.05 to $78.35 a barrel on the London-based ICE Futures Europe exchange.
"Member nations of the Organisation of Petroleum Exporting Countries (OPEC) and the leading non-OPEC oil producer Russian Federation, should maintain the Algiers Pact they forged in September 2016 so that oil prices will continue to ramp up", Sonatrach CEO Abdelmoumen Ould Kaddour said. That's led to higher prices at gasoline pumps in the U.S.as it heads toward midterm elections for Congress.
This is while world oil prices have climbed higher as the Trump administration has pressured United States allies to end all purchases of oil from Iran.
Ambanis throw party for Akash-Shloka
For the royal couple's engagement , who's who from the cricket, Bollywood and business fraternity have arrived at the venue. Akash Ambani's chacha, Anil Ambani and chachi, Tina Ambani came early at Antilia and were colour coordinated in white.
Murray won't rule out Wimbledon withdrawal
Chinese Taipei's Jason Jung , a lucky loser from qualifying, will now take on Paire in the first round . The 31-year-old further said that he would start practising from Monday for the USA hardcourt season.
These are the five times Meghan Markle broke the Royal Protocol
The new bride had her public coming out with Prince Harry at the same event past year at the Coworth Park polo club in Berkshire. And let's not forget the arrival of two new royal babies, Prince Louis in April and Lena Elizabeth Tindall , just last week.
Southern Ontario still under extreme heat warning
The air temperature will be 30 or above until Friday when a cold front is forecast to pass through southern Ontario. He said that while the mercury will remain "elevated", overnight lows in the mid-teens will provide relief to many.
HTC to Cut 1500 Jobs as Revenue Continues to Decline
Assistance will obviously be provided to all dismissed employees conforming to corporate social responsibility standards. Also, earlier this year, separate from the layoffs, HTC sold its smartphone design team to Google for $1.1 billion.