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

Parliament Speaker Meets with European Ambassadors

The Speaker of Parliament Sultan al-Barakani along with the Deputy Speakers Mohammed al-Shadadi and Mohsen BaSorrah held talks today, Monday, in the temporary capital Aden, with the Ambassador of the European Union ( EU) to the Republic countries Gabriel Vinals, the Ambassador of the Netherlands Jennette Seppen , the French Ambassador Katherine Corm Kammoun and the Acting- German Ambassador Janina Kopfmüller.

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: ، 2025/07/14 Time 07:43:40
Latest News:

Minister al-Sharjabi discuses with UN-Habitat water supplies

Minister al-Zaouri seeks UINCEF's cooperation to protect children

Information Minister Slams UNMHA's Failure to Achieve Mandate

Vice Foreign Minister Meets with ICRC to Enhance Humanitarian Cooperation

Central Bank Governor Discusses Payment Systems Project with World Bank

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.