The Ministry of Energy and Minerals and Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, signed today a framework agreement for joint cooperation to...
Tokyo: Japan’s Prime Minister Fumio Kishida stated he has instructed his government to consider developing safer, smaller nuclear reactors, signaling a renewed emphasis on nuclear energy...
Data from the US Department of Energy showed that crude oil inventories in the United States of America’s Strategic Petroleum Reserve fell by 8.1mn barrels last...
With a collective focus to transform the energy sector by reducing reliance on hydrocarbon resources for power generation, Oman is taking strong strides in the solar...
The appraisal programme on the Al Jumd discovery in Block 56 (onshore) in the Sultanate is continuing with the recent spud of the Al Jumd-3 well...
Shell Oman Marketing Company S.A.O.G. (SOM) announced the opening of new service stations, bringing its total network size to 205 strategic sites across the Sultanate. These...
Is inflation always harmful to an economy – and to what extent does raising interest rates curb inflation? Sibasish Mohapatra deep dives into the roots of...
Oman’s Energy Development Oman (EDO) has achieved a long-term credit rating with a stable outlook (BB-) by S&P’s Global Ratings and a standalone credit rating of...
The energy ministers of the Organisation of Petroleum Exporting Countries (OPEC) and their independent partners – the ‘OPEC+’ group – decided to increase crude oil supplies...
Oil prices globally rose by more than US$1 per barrel today, extending gains from the previous trading sessions following a bullish trend among investors, a drop...
