Market

Oman Oil Price Up by over USD 3 per Barrel

Muscat: The official price of Oman oil for April delivery reached USD 70.12 per barrel (pb) on Thursday, comprising a USD 3.25 increase compared to Wednesday’s price of USD 66.87.

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

Oil Prices Decline Amid Tensions Between US and Iran

Doha: Oil prices declined in early Asian trading on Thursday after rising four percent the previous day, as investors assessed efforts by the United States and Iran to resolve their dispute despite intensified military activities in the key oil-produc…

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…

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 …