Market

Omani Oil Prices Retreat to $70.36 a Barrel

Muscat: The official price of Omani oil for September delivery today was recorded at $70.36 a barrel. The price experienced a decline of $1.52 from Thursday’s price of $71.88 a barrel.

According to Qatar News Agency, the monthly average price of Oma…

Oil Prices Edge Higher Amid Potential Sanctions on Russia

Doha: Oil prices edged higher on Friday after US President Donald Trump indicated he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer, while concerns over tariffs and rising OPEC+ output lim…

Trump Announces New 35% Tariff on Canadian Imports

Washington: US President Donald Trump announced plans to impose a 35% tariff on all imports from Canada, effective August 1, in response to Ottawa’s recent tariffs on American products. The announcement came via an official letter addressed to Canadia…