Business | Omanet

Kuwait implemented a precautionary reduction in crude oil production due to ongoing attacks by Iran and threats to shipping in

Meranti Green Steel has signed an agreement with a strategic investor to advance its green iron project in Oman, aiming

Omani crude surged past the $100 mark, closing at $100.31, up $5.84 from the previous day. The average price for

Rising oil prices linked to tensions in the Strait of Hormuz may only offer temporary relief, Omani economist Dr. Nasser

Oil prices climbed over 3% on Thursday amid fears of prolonged disruptions to Middle East oil supplies due to the

Airline shares rebounded as flights resumed from the Middle East after U.S.-Israeli strikes on Iran affected market values. While Cathay

Muscat: The official price of Oman crude oil for May reached $94.47 per barrel, up from $85.93 in April. Global

Oman Oil Marketing Company (OOMCO) reported a minor incident involving one of its fuel storage tanks, leading to temporary operational

Leading international P&I Clubs are rolling back war-risk coverage in the Arabian Gulf and Strait of Hormuz, effective March 5,

Oil tanker traffic through the Strait of Hormuz has plummeted by 90% due to the ongoing Middle East conflict, according

Blog