Oil

Oil prices hover around $85 amid global tensions, inventory shifts

Brent crude futures edged up 2 cents to $85.35 per barrel

Oil prices decline but remain on course for weekly gains amid OPEC optimism

Brent oil futures expiring in August fell 0.6 percent to $82.22 a barrel

Oil prices dip amid rising U.S. inventories as Fed keeps interest rates steady

Brent oil futures expiring in August fell 0.5 percent to $82.24 a barrel

OPEC maintains forecast for 2.25 million bpd global oil demand growth in 2024, 1.85 million bpd in 2025

The organization forecasted 2.3 million bpd rise in world oil demand in the second half of 2024

Oil prices edge higher on declining U.S. inventories; investors await Fed announcement and inflation data

Brent crude futures for August delivery gained 0.2 percent to $82.09 per barrel

Oman posts $6.7 billion trade surplus, merchandise exports reach $16.88 billion by end of March 2024

Total value of merchandise imports to the Sultanate amounted to $10.1 billion

Oil prices dip ahead of key Fed meeting, U.S. inflation data release

Brent crude futures fell 11 cents, or 0.13 percent, to $81.52 per barrel

ADNOC pays $1.19 billion to ADNOC Distribution bondholders to redeem U.S. dollar denominated bonds

Following the redemption, ADNOC Distribution’s free float remains unchanged at 23 percent

Oil prices stabilize as traders await OPEC meeting, Fed cues

Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel

Key factors influencing gold, crude oil performance in H1 2024

From economic signals to policies and developments in the Fed

Kuwait new energy strategy takes off but oil still dominates

Revival of projects in the energy sector key to the country’s development

OPEC oil output rises in May, reaching 26.63 million barrels per day

This represents an increase of 145,000 bpd from April

Upstream oil and gas investment needs to rise 22 percent by 2030 to meet surging demand, $4.3 trillion required: Report

Global upstream oil and gas capital expenditure is expected to grow by $24 billion this year 

Oman’s foreign trade exchange surges 12.8 percent in Q1 2024, transactions reach $26.7 billion

Oman's trade balance rose 35 percent to $6.75 billion in the same quarter

Oil prices climb amid optimism for rate cuts, despite inventory build and demand concerns

Brent crude futures for August delivery rose 0.5 percent to $78.80 per barrel

Oil prices drop to 4-month low amid outsized increase in U.S. inventories

Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel

Oil prices tumble to 4-month low amid demand concerns, OPEC production outlook

Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel

Oil prices rise as OPEC+ maintains cuts, but demand concerns linger

Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel

OPEC+ extends voluntary production cut of 2.2 million barrels of crude oil a day into 2025

This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023

Oil prices extend losses as U.S. product stockpiles grow, China activity slows

Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel

Oil prices climb on demand optimism, OPEC+ cuts eyed

Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel