Oil prices drop sharply on oversupply fears April 2, 2016 - 13:19 AMT PanARMENIAN.Net - Oil prices have fallen sharply after Saudi Arabia said it would freeze production only if other major producers did the same, BBC News reports. The comments by deputy crown prince Mohammed bin Salman are seen as a challenge to Iran. It has vowed to increase oil production following the lifting of Western sanctions. In the Bloomberg interview, the prince also spoke about his plan for a giant public investment fund. Worth more than $2 trillion, it would be designed to reduce Saudi Arabia's reliance on income from oil. Part of the plan would be a sale of shares in the state-owned oil firm Aramco, which could start as soon as next year, according to the interview. Related links:   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Related sections Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
