Business

Oil prices rise amid expectations of a decline in supply

Oil prices rose in early trading on Monday, supported by expectations of a supply deficit resulting from peak fuel consumption in the summer and OPEC+ cuts in the third quarter, but adverse economic trends and increased production from outside the OPE…

Saudi Arabia Records 231.7 Points in the UN Maritime Index

Riyadh: Saudi Arabia, represented by the Saudi Ports Authority (Mawani), attained 231.7 points in the UN Trade and Development’s (UNCTAD’s) Liner Shipping Connectivity Index (LSCI) for the second quarter of 2024.

This year has witnessed the continuat…