Oil prices slump on Saudi comments

Posted on

Oil prices have today fallen sharply after Saudi Arabia said it would freeze production only if other major producers did the same.

The comments by deputy crown prince Mohammed bin Salman are seen as a challenge to Iran.

It has vowed to increase oil production following the lifting of Western sanctions.

BBC story here: https://bbc.in/1TorVGK

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s