Why are rising prices worrying the Iranian Oil Minister . Newseek began with the that 11 princes had been arrested in saudi arabia for staging staging a sit in. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Reaction y gut got reaction and more on the story. We dont know a lot of details about this. What we know from reports, as you said, they are protesting utility bills. What it clearly shows, it shows there is rising discontent within the ruling family after that crackdown. After obvious a, there is grumbling. What happened is that according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. They were there was hard sure treatment. Main, because thats the thing it shows is that there is more discontent within the royal family. Are we going to see more of this . That is a question to follow. There is another story taking place in saudi arabia rig
The week began with the news that 11 princes had been arrested in saudi arabia for staging a sit in. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Tracy alloway got reaction and more on the story. We dont know a lot of details about this. What we know from reports, as you said, they are protesting payment of utility bills. What clearly shows, it shows there is rising discontent within the ruling family after that crackdown. Obviously, there is grumbling. What happened is that, according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. There was harsher treatment. The lack of details, the main thing it shows is that there is more discontent within the royal family. Are we going to see more of this . That is a question to follow. Tracy there is another story taking place in saudi arabia right now. The authorities saying they will spend billions to
More than a threeyear high as u. S. Stockpiles plunge. Why are rising prices worrying the Iranian Oil Minister . The week began with the news that 11 princes had been arrested in saudi arabia for staging a sit in outside a palace in riyadh. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Tracy alloway got reaction and more on the story from bloomberg managing editor for the middle east. We dont know a lot of details about this. What we know from reports, as you said, they are protesting payment of utility bills. What clearly shows it shows that there is rising discontent within the ruling family after that crackdown. Obviously, there is grumbling. What happened is that, according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. So there was even harsher treatment. But again, because of lack of details, the main thing it shows is that there is more
First, iraq has joined the united arab emirates, qatar, and oman and calling for opaque and allies to stick with their agreement. That is despite recent price gains. The deal helped lift brent above 70 a barrel this week. Concern. Expressed bloomberg spoke to the head of the International Energy agency and the omani Energy Minister and got more reaction. Today, oil price is about 70. The Global Oil Demand will billion out 1. 4 1. 4 Million Barrels a day. A lot of new Oil Production is coming from the united states, from brazil, from africa, from canada. A lot of oil in the market. I think thats the point of socussion, because the focus far has been in the supply side. We often dont discuss the demand side of the equation, and maybe we need to do some more work them up because all reports suggest that 2018 there will be growth on the gdp worldwide. Demand,l trigger better and i think we have a responsibility to meet that demand. Think this discussion needs to look at both sides. Sideten
Us why he is eyeing london and. Istanbul for market expansion. First, iraq has joined the united arab emirates, qatar, and oman and calling for opaque and allies to stick with their agreement until the end of the year. That is despite recent price gains. The deal helped lift brent above 70 a barrel this week. Iran has expressed concern. , spurring a renewed push from u. S. Shale producers. Bloomberg spoke to the head of the International Energy agency and the omani Energy Minister and then got more reaction from citi. Today, oil price is about 70. The Global Oil Demand will increase about 1. 4 Million Barrels a day. A lot of new Oil Production is coming from the United States, from brazil, from west of africa, from canada. A lot of oil in the market. We expect is lunch market in the next 12 months to come unless we hit prices. I think thats the point of discussion, because the focus so far has been in the supply side. We often dont discuss the demand side of the equation, and maybe we