Surging Oil Freight Rates: How Tight Supply Could Impact Your Business Costs and Investments
Freight rates for Very Large Crude Carriers (VLCCs) have surged to their highest in over two years, driven by rising
Read MoreExplore in-depth analysis of the Oman economy. Discover the latest market trends, financial insights, and key developments related to Oman’s Vision 2040.
 
            
        
    
    Freight rates for Very Large Crude Carriers (VLCCs) have surged to their highest in over two years, driven by rising
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    Global stock markets were volatile after the Federal Reserve's first interest rate cut of the year, signaling caution on further
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    Germany’s economy is likely to avoid a technical recession, aided by a 1.3% rise in July industrial production. Despite US
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    The Central Bank of Oman cuts repo rate by 25 bps to 4.75%. UAE, Saudi Arabia, Qatar, Bahrain, and Kuwait
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    The Muscat Stock Exchange listed Sea Glider LLC’s debut bond, raising RO 73 million ($190M) at 7% yield. The four-year
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    Britain and the US have struck a tech deal promising billions in investment. With £31 billion from US tech firms
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    Oil prices eased on Wednesday after a 1% rise, as traders awaited a likely US Fed interest rate cut. Brent
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    Eurozone consumer prices rose 2.0% year-on-year in August, slightly less than the initial 2.1% estimate. Core inflation stayed at 2.3%.
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    In Chengdu, massive car discounts reflect China's oversupplied auto market. Government policies spurred production, causing excess inventory, price wars, and
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