May 2026

Oman Crude Oil Price Drops Over $3 for July Delivery

Muscat: The official price of Omani crude oil for July delivery was set at $104.17 per barrel on Friday, marking a daily decline, according to data released in Muscat.

According to Qatar News Agency, the price fell by $3.03 per barrel compared with …

Germany Cuts Fuel Tax to Ease Prices

Germany: Germany began Thursday a two-month reduction in energy tax on gasoline and diesel to curb soaring fuel prices driven by the Middle East war, including the closure of the Strait of Hormuz. Fuel prices fell by about 17 euro cents per liter unde…