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

“MASAM” removes 3,765 mines, munitions within 21 days, clears more than one million square meters

The field teams of the “MASAM” project for mine removal in Yemen has extracted 3,765 mines, unexploded ordnance, and improvised explosive devices from the beginning of November until the 21st of the month.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

Saudi-French Businesses Forum kicks-off its sessions

The Saudi Minister of Commerce, Chairman of the Board of Directors of the General Authority for Foreign Trade Dr. Majid al-Qasabi and the French Minister Delegate for Foreign Trade and French Attraction Nicolas Forissier inaugurated yesterday, Saturday, the Saudi-French Business Forum.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/25 Time 07:03:28
Latest News:

Health Minister seeks greater support from GAVIi, WB to medical services

Planning Minister briefs British official on gov't's economic reforms plan

Yemen Health Minister Discusses Health Donor Conference with UK Officials

Yemen and Jordan Strengthen Cooperation in Passport and Civil Affairs

Yemen Issues Volcanic Ash Cloud Alert Amidst Ethiopian Eruption

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.