Energy
Oman’s Crude Oil Benchmark Rebounds 300% Post Onset of Pandemic
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 Dubai Mercantile Exchange since, the oil prices collapsed due to the onset of the pandemic reaching a low of $17/barrel in April 2020.
On Friday, the Oman Crude Futures Contract (DME) Oman soared to $71.37/barrel (for August 2021 delivery) in trading on the DME – the highest it has ever risen since the start of the pandemic.
Image Source: DME Oman
Buoyed by growing optimism over global economic recovery on the horizon and the determined vaccination campaigns, prices of crude benchmarks, including the Oman Crude Futures Contract, have been trading above $70 per barrel since the start of this month – for the first time in over two years, according to the report issued by the DME.
Oman’s refinery production declines 6.8 percent to 89.91 million barrels in May 2026
FSA deregisters Reliance Audit firm over unlicensed practice
Raysut Cement returns to profit with RO2.71 million net earnings in H1 2026
Oman’s population grows 1.6 percent to reach 5.4 million
Oman’s oil exports rise 2.7 percent to 129.5 million barrels
Electricity production in Oman increases by 6.8 percent by May 2026
Oman’s inflation rate rises by 2.8 percent
His Majesty The Sultan offers condolences to the Emir of Qatar on the demise of His Highness Sheikh Hamad bin Khalifa Al Thani
Oman, Jordan Establish RO38.5 Million Investment Company
How Fake 7-Zip Software Exposed a Much Bigger Criminal Proxy Business
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Hospitality Industry in Oman Estimated 90% Growth in 2022
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
LEADERSPEAK: Dhofar Insurance CEO Sunil Kohli on Oman’s Insurance Sector, Reinsurance & Market Outlook
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
-
Economy1 month agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
News1 week agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Magazines4 weeks agoOER May 2026 Edition: The Digital Copy
-
Investment3 weeks agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
Economy2 weeks agoOMIFCO Successfully Completes Bookbuilding & Sets Final IPO Offer Price
-
Economy1 month agoSpaceX’s US$2T Historic Market Debut: Is SPCX Worth the Hype and How Can Oman Investors Buy It?
-
Banking & Finance1 month agoOman Arab Bank marks successful listing of $400mn AT1 Bond on London Stock Exchange
-
Magazines1 month agoSignature Oman: May 2026 Edition