February 18, 2026

Oman Oil Price Falls to $66.87 per Barrel

Muscat: The official price of Oman oil for April delivery reached $66.87 per barrel (pb) on Wednesday, comprising a decline by $0.16 compared to Tuesday’s price of $67.03.

According to Qatar News Agency, the monthly average price of Omani crude oil …

Maersk Acquires Stake in Jeddah Port’s South Container Terminal

Jeddah: The Saudi Ports Authority (Mawani) announced that Maersk Group, through its wholly-owned subsidiary APM Terminals, has acquired a 37.5% stake in the South Container Terminal at Jeddah Islamic Port.

According to Qatar News Agency, this move s…

Oil Trims Losses as Traders Assess Progress in US-Iran Talks

Singapore: Oil prices steadied in Asian trade on Wednesday after falling about 2% in the previous session as investors assessed progress in US-Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns. Brent …

New Zealand Keeps Interest Rates Unchanged

Wellington: The Reserve Bank of New Zealand left interest rates unchanged on Wednesday, as was widely expected, reaffirming the need to maintain accommodative monetary policy for some time to support the economic recovery.

According to Qatar News A…