London: Paris based International Energy Agency (IEA), warned that the demand for COVID-19 vaccines coupled with the deadlock oversupply levels with OPEC+ members, could escalate into...
With the deadlock over oil output still unresolved, the 23 member states of OPEC+ gathered again today to reach a consensus on oil output. Since May...
Muscat: Al Shawamikh Oil Services SAOC, a leading Super Local Community Contractor (SLCC), accepted the delivery of high-tech automated hoists, which are the first of their...
Muscat: A tender for a 100 MW green mega project will be launched towards the end of this year. The project, planned in South Oman, will...
Muscat: On 9th of September this year, Oman along with International Energy Agency (IEA) will host a ministerial dialogue, with participants from the middle-east and MENA...
Muscat: Oman’s oil price increased 95 cents/barrel from the price on Monday to reach a total of USD 72.86/per barrel. (August 2021 Delivery) The average price...
Muscat: Oman’s crude oil benchmark, better known as Oman Crude Futures Contract, has registered a remarkable recovery and posted a growth of by 300% on the...
According to sources familiar with the situation, oil giant Royal Dutch Shell is considering selling its stake in the United States’ largest oil field in order...
Muscat: As a testament to Oman’s commitment to clean energy, Oman LNG has signed an important agreement with Shell to deliver the Middle East’s first carbon-neutral...
Muscat: The Petroleum Development Oman (PDO), signed a contract with two firms to engage and employ 55 Omani medics on oil rigs. As per the conditions...
