OPEC Member
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Change in Saudi Oil Ministry Makes Freezing Unlikely
Monday, 9th May 2016
The dismissal of Ali al-Naimi as Saudi Arabia’s Oil Minister and appointing Khalid al-Falih instead, puts the country’s deputy Crown Prince firmly in control of energy policy and makes to freeze oil production unlikely, according to OPEC officials.
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021