Oil and gas
Initiative aligns with Egypt's strategy to enhance local crude oil and gas production.
OPEC+ plans to increase oil production by 411,000 barrels per day starting in July
Mining and quarrying sub-index grew by 0.2 percent while manufacturing surged by 7.4 percent
U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal
China is set to release key economic data amidst worries about domestic demand strength
Key sectors include oil and gas, social development, and infrastructure to support mutual goals
OECD revised down its global growth forecast due to the impacts of trump's trade war
ADNOC Gas's inclusion follows a successful $2.8 billion share offering, expanding public share availability
Wildfires in Alberta temporarily shut down oil production, further heightening supply concerns
Public spending reached OMR12.241 billion, primarily driven by subsidies for oil and development projects
Low U.S. fuel inventories raise supply concerns as operational oil rigs decline to the lowest level since November 2021
