Tag: oil
Oil Futures Rebounds Over US$1 After 7-Week Low
Oil futures experienced a notable rebound today, recovering more than US$1 a barrel from their seven-week lows, marking a positive shift in the market...
Oman’s Oil Exports Reach 128.07 Million Barrels in May 2023
Muscat: The Sultanate of Oman’s total exports by the end of May 2023 stood at 128,070,300 barrels with an average oil barrel price of...
OPEC Maintains Its Expectations Of An Increase In Oil Demand In 2023
The Organisation of the Petroleum Exporting Countries (OPEC) maintained its forecast for global oil demand growth in 2023 for the fourth consecutive month.
However, it...
REPORT: Oil Prices Rise Globally On Account Of Lower US Inventories
Oil prices globally rose by more than US$1 per barrel today, extending gains from the previous trading sessions following a bullish trend among investors,...
LEADERSPEAK: Dr. Aflah Al Hadhrami Talks About ICV, The Way Forward, Energy Transition, And...
#LEADERSPEAK: From transforming the oil and gas sector in the Sultanate to stimulating In-Country Value (ICV) and fostering a young generation of Omani talents...
Slump in Oil Prices Due to Shortfall in Demand in India
With India reeling under the pressure of another wave of pandemic cases, India reduced the recovery period for oil demand thereby, upsetting the optimistic...
Dubai’s non-oil external trade reaches AED551 billion in H1 2020
(WAM) -- Dubai recorded AED551 billion worth of non-oil external trade in the first half of 2020. The emirate’s ability to minimise the impact...
Fujairah oil product stocks hit near six-month low
(WAM / S & P Platts) -- Inventories of oil products at Fujairah on the UAE's East Coast have fallen to their lowest in...
OPEC daily basket price stood at $41.40 a barrel Wednesday
(WAM) -- The price of OPEC basket of thirteen crudes stood at US$41.40 a barrel on Wednesday, 23rd September 2020, compared with $41.32 the...
Oil Extends Slide Below $32 on Signs U.S. Stockpiles Swelled
(Bloomberg) -- Oil extended its drop to trade below $32 a barrel after a U.S. industry report signaled crude inventories swelled for the first time...
