Oil fell to around $68 a barrel on Tuesday in a choppy session, as easing concerns of a supply disruption in Saudi Arabia and U.S. dollar strength countered the prospects for tighter supply due to OPEC+ output curbs.
LONDON: Only two regional media outlets CNN Arabic and London-based Asharq Al-Awsat have corrected a mistake relating to coverage of late Saudi Oil Minister Ahmad Zaki Yamani.
Following his death on Feb. 23, the aforementioned outlets were two of many that mistakenly reported that he was the first secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) despite OPEC itself confirming this was not the case.
The common mistake was exposed at the time by the Arab News Research & Studies Unit, which tracked coverage of Yamani’s death and found that most Saudi and regional media outlets relied on his Arabic Wikipedia page. The Wikipedia entry contained inaccurate and unsourced information.
International Business News: Oil prices rose on Tuesday on expectations of a recovery in the global economy after US Senate approval of a $1.9 trillion stimulus bill and on a like
Oil fell to around $68 a barrel on Tuesday in a choppy session, pressured as concerns faded of a supply disruption in Saudi Arabia, which countered a pause in the dollar's rally and prospects for tighter supply due to OPEC+ output curbs.
Oil fell to around $68 a barrel on Tuesday in a choppy session, pressured as concerns faded of a supply disruption in Saudi Arabia, which countered a pause in the dollar's rally and prospects for tighter supply due to OPEC+ output curbs.