Oil
Travel and tourism surges are projected to continue, boosting demand for gasoline and diesel
Prices fluctuated as increased travel contends with concerns over U.S. tariffs and economic growth
The agreement emphasizes sustainable development goals and transitioning to clean energy solutions
Traders consider whether the U.S. will impose tariffs on nations trading with Russia.
Brent crude futures reached $70.51, while WTI saw gains amid ongoing tariff uncertainty and sanctions
OPEC Secretary General emphasized the need for balanced policies to achieve energy security and climate goals
Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020
OPEC+ agreed to increase production by 548,000 barrels per day in August, pressuring oil prices
The long-term projection reflects increasing energy needs in developing nations and anticipated investments.
Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa
Minister Karim Badawi oversaw drilling operations at Begonia-2 in the New Mansoura concession area
