Oil prices rise after reaching initial agreement regarding the US debt ceiling

Leadership Council Chairman Calls for International Stance Proportionate to Houthi Threat

Chairman of the Presidential Leadership Council, Dr. Rashad al-Alimi, met with European ambassadors in Aden, urging the international community to take a stronger stance against the Houthi militia's terrorist threats.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

Italian GDP rises 0.3 percent

The Bank of Italy (the central bank) announced that the country's GDP grew by 0.3 percent in the first quarter of 2025 compared to the previous quarter, driven by an increase in consumption and investment, in addition to limited American demand.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/07/15 Time 08:43:19
Latest News:

Minister al-Soqatri, WB Delegation Inspect Unloading Center in Aden

Human Rights Ministry Condemns Houthi Militia's Killing of Children in Taiz

Water Minister Meets with ICRC to Discuss Aden Urban Planning Master Plan

Central Bank Governor Meets with EU Ambassadors to Discuss Economic Challenges

President al-Alimi Praises Judicial Authority's Efforts to Establish the Rule of Law

Oil prices rise after reaching initial agreement regarding the US debt ceiling

[29/05/2023 02:43]

Singapore - Saba
Oil prices rose in early Asian trade on Monday after US leaders reached a tentative agreement on the government's debt ceiling, which could prevent a catastrophic default in the world's largest economy and oil consumer.

Brent crude futures rose 39 cents, or 0.5 percent, to $77.34 a barrel.

West Texas Intermediate crude futures rose 45 cents, or 0.6 percent, to $73.12 a barrel.

On Saturday, US President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle to suspend the government's debt ceiling of $31.4 trillion.

Investors are looking forward to data on the manufacturing and services sectors in China this week, as well as data on non-farm payrolls in the United States on Friday, looking for indications of economic growth and demand for oil.