ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held …
Read More »Oil rises as Saudi cuts spark supply fears
Bloomberg Crude rose after Saudi Arabian production cuts heightened concerns about tightening worldwide supplies. Futures in New York advanced as much as 1.6 percent on Monday. Saudi Arabia reduced oil production to about 10.3 million barrels a day in July, according to delegates in the Organization of Petroleum Exporting Countries. The kingdom told the group it had pumped 10.489 million …
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