Market

Oil Prices Gain Amid Renewed Energy Supply Concerns

Muscat: Oil Prices Gain Amid Renewed Energy Supply Concerns: Oil prices edged higher in trading on Friday as renewed concerns over potential supply disruptions, fueled by escalating regional tensions, supported the market.

According to Qatar News Ag…

Omani Crude Oil Price Reaches $69.29 a Barrel

Muscat: The official price of Omani crude oil for September delivery reached $69.29 today.

According to Qatar News Agency, the price of Omani oil today declined $0.94 from yesterday’s $70.23 a barrel. The monthly average price of Omani crude oil fo…

Oil Prices Surge by More Than 5% Following US Strikes on Iran

Doha: Crude oil prices rose more than 5% at settlement Wednesday after new strikes were launched on Iran, spurring concerns that renewed hostilities in the Middle East could halt shipping traffic through the Strait of Hormuz. Brent crude futures surge…