Opec+ to Approve Third Oil Output Quota Hike: Key Implications for Investors and Businesses in Oman
Opec+ plans a third consecutive oil output hike of 188,000 bpd in June amid ongoing US-Iran conflict disrupting supply routes.
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Opec+ plans a third consecutive oil output hike of 188,000 bpd in June amid ongoing US-Iran conflict disrupting supply routes.
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Oman crude oil futures surged to $111.44 per barrel by end of April, driven by a global rally and geopolitical
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Shipping traffic through the Strait of Hormuz has virtually stopped since February, the UN said. Ship transits dropped 95.3%. Food
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The closure of the Strait of Hormuz has disrupted liquefied natural gas (LNG) supplies, with U.S. exports unable to compensate
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Oil prices rose about 3% to a two-week high amid stalled U.S.-Iran peace talks and limited shipments through the Strait
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Oil prices surged nearly 3% as peace talks between the U.S. and Iran stalled and shipments through the Strait of
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Oman crude for June delivery hit $99.26, down $7.25 from $92.01, while Brent Crude fell 0.2% to $98.29. Oil prices
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Oil prices fell with stocks as investors weighed US-Iran peace talks. Trump extended the ceasefire indefinitely but kept the Strait
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Shipping companies face confusion over the Strait of Hormuz’s status amid mixed messages from Iran and the U.S. Even if
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U.S. President Trump expressed optimism about peace talks with Iran to end the Middle East war but warned a ceasefire
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