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 …
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…
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 …
Paris: Germany, Latvia, and Lithuania have signed a declaration of intent to develop a new electricity interconnector and offshore wind farms in the Baltic Sea. This strategic move is aimed at bolstering regional energy security and expanding renewabl…