DEATH OF SAUDI KING LIKELY WON'T IMPACT OIL PRICES

Jan 23, 2015

By Andy Johnson

Share on

Analysts say the death of Saudi Arabian King Abdullah is not likely to change the course of oil prices over the next several month.  Abdullah died yesterday at the age of 90 after suffering from respiratory problems.

King-Abdullah

Abdullah’s half brother Salman takes over and has said Saudi Arabia will continue adhering to the  policies which the oil-rich kingdom has followed since its establishment.  Among other things, those policies have resulted in the recent sharp decline in oil prices.

Prime Minister Stephen Harper has offered his condolences.  Harper met the king at the G-20 summit in Toronto and says he found the Abdullah to be passionate about his country, development and the global economy.

 

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: