男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
World / Asia-Pacific

Oil jumps after Saudi king's death amid huge market shifts

(Agencies) Updated: 2015-01-23 09:53

SINGAPORE - Oil prices jumped in early Asian trading on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.

Abdullah died early on Friday and his brother Salman became king, the royal court in the world's top oil exporter and birthplace of Islam said in a statement carried by state television.

US benchmark WTI crude futures rose more than 2 percent to a high of $47.76 a barrel in early Asian trading. International benchmark Brent futures opened up almost 1.5 percent higher at $49.10 per barrel at 0100 GMT.

The Saudi King's death comes amid some of the biggest shifts in oil markets in decades.

"The fear of the unknown is going to be supportive to crude oil prices," said John Kilduff, partner, Again Capital LLC in New York.

"King Abdullah was the architect of the current strategy to keep production high and force out smaller players instead of cutting," he added.

Oil prices have more than halved since peaking in June last year as soaring supplies clash with slowing demand.

Booming US shale production has turned the United States from the world's biggest oil importer into the biggest producer, producing more than 9 million barrel per day.

To combat soaring output and falling prices, many oil exporters, such as Venezuela, wanted the 13-member Organization of the Petroleum Exporting Countries (OPEC) to cut output in order to support prices and revenues.

Yet, led by Saudi Arabia, OPEC announced last November it was keeping output steady at 30 million barrels per day.

Brent, which had already fallen to $77 per barrel by the time of the OPEC meeting, dropped another quarter over the next month as the market digested the fact OPEC would not come to the rescue.

OPEC's decision not to act, led by Saudi Arabia, was aimed at defending market share against US shale producers as well as other non-OPEC exporters such as Brazil or Russia.

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 广南县| 宝丰县| 万年县| 曲周县| 西吉县| 轮台县| 曲靖市| 定边县| 中西区| 海淀区| 嘉兴市| 南昌县| 宜章县| 永城市| 鹰潭市| 桃江县| 安阳县| 岳西县| 平顺县| 山东| 兴隆县| 长治市| 田阳县| 宣恩县| 金坛市| 甘肃省| 临桂县| 双鸭山市| 微博| 盐亭县| 常山县| 贵南县| 璧山县| 四平市| 唐海县| 泸定县| 进贤县| 射洪县| 河津市| 蒙城县| 电白县|