Kuwait’s ruler reappointed his prime minister on Wednesday and asked him to form a cabinet, the official state news agency said on Wednesday, after the government stepped down earlier this week in an expected cabinet reshuffle.
The major oil producer has the oldest legislature among the Gulf Arab states and experiences frequent cabinet resignations amid tensions between the government andRead more
Oil prices declined on Monday as analysts doubted upcoming oil producer talks next month would rein in oversupply, saying that Brent would likely fall below $50 a barrel as August's more than 20% increase looks overblown.
Brent crude futures were trading at $50.22 per barrel at 0224 GMT, down 66 cents, or 1.3 percent US West Texas Intermediate (WTI) crudeRead more