September 28, 2024

Tropical Storm Helen Halts 24% of Oil Production in Gulf of Mexico

About 24 percent of crude oil production and 18 percent of natural gas production in the Gulf of Mexico, United States, has been halted due to Tropical Storm Helene.

The U.S. Bureau of Safety and Environmental Enforcement reported that energy produce…

S and P Lifts Oman’s Rating to BBB- with Stable Outlook

Standard and Poor’s (S and P) has upgraded Omans credit rating to BBB- from BB+, with a stable outlook, citing improved financial performance.

The BBB- rating marks the first level of investment-grade creditworthiness, signaling a safe investment e…

QNB Dissects Reasons Behind German Economy’s Underperformance

Doha: QNB expects Germanys real GDP to remain flat in 2024 and average growth of 1 percent in the next few years.

The bank said in its weekly report on dissecting the German economy’s growth underperformance that the German economy faces major obstac…