Oil jumps as Saudi king's death feeds market uncertainty
New king promises to maintain existing energy and foreign policies
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
London
OIL prices rose on Friday after the death of Saudi Arabia's King Abdullah added more uncertainty to an oil market that has more than halved over the last six months.
King Abdullah bin Abdulaziz died early on Friday and his brother Salman became king of the world's top oil exporter. King Salman named his half-brother Muqrin - second-in-line to the throne - as heir, moving to forestall any succession crisis at a moment when Saudi Arabia faces unprecedented turmoil on its borders and in oil markets.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
