saudi delegation: Oil prices rose about 2 per cent today, following the announcement by Prince Abdulaziz bin Salman, son of Saudi King Salman and a long-time member of the Saudi delegation to the Organisation of the Petroleum Exporting Countries, according to Nine News Australia. Rising costs of crude typically result in higher prices at the pump, with the effect usually felt by consumers six weeks after the initial oil hike. To improve your experience update it here News National How decision of Saudi prince is set to hit Aussie wallets3 10pm Sep 10, household budgets are set for another hit after Saudi Arabia's new energy minister confirmed he would limit the kingdom's oil production amid uncertainty in the global energy markets. Saudi Arabia's new Energy Minister Prince Abdulaziz bin Salman speaks to journalists at the World Energy Congress in Abu Dhabi, United Arab Emirates. AP Australian transports costs have already been on the rise this year, according to the Australian Automobile Association's AAA June 2019 Transport Affordability Index. Prince Abdulaziz said oil producers have to share responsibility to balance the market in comments that marked his debut since being named the kingdom's new oil minister the previous day.
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