The official price of Oman crude oil for delivery in July 2026 fell sharply today, reaching US$96.64 per barrel, down US$6.61 from the previous day’s price...
Oil prices fell for a second consecutive session on Wednesday (May 6, 2026) as traders began to price in the possibility that restricted crude flows from...
ADNOC Drilling has completed its acquisition of an 80 per cent stake in Oman’s MB Petroleum Services, marking a significant step in the Abu Dhabi company’s...
Global exports of liquefied natural gas fell sharply in April 2026, slipping to their lowest monthly level in nearly two years as escalating disruption in the...
The United Arab Emirates has announced that it will leave the Organisation of the Petroleum Exporting Countries and the wider OPEC+ framework, effective May 1, 2026....
Escalating military tensions in the Middle East are injecting fresh uncertainty into global oil markets, with analysts warning that prices could rise sharply if disruptions to...
The International Energy Agency (IEA) forecast a global oil market oversupply of 4 barrels per day (bpd) in 2026, citing the recent increase in crude oil...
