Brent crude futures were at $68.78 at 0128 GMT, down 53 cents, or 0.8%, from their last close
Rice prices in Thailand and Vietnam received a major boost this week from a potential deal with Indonesia.
Spot gold was down 0.2% at $1,324.90 per ounce
The sale is one of the first privatizations the kingdom plans.
Li spent almost 30 years at Jiangxi Copper, rising through the ranks to become general manager and chairman before leaving in 2013.
"The production-reduction agreement will remain for a long time and there is no thinking right now to exit it," Rashidi told a news conference.
New tax rules that will close loopholes that allegedly allowed them to sell fuel without paying consumption taxes.
Of the 10 licences, seven are in the North Sea, one in the Norwegian Sea and two in the Barents Sea.
- The price of OPEC basket of fourteen crudes stood at $67.54 a barrel on Tues.
U.S. gold futures were up 0.2% at $1,340 an ounce.