Oman posts H1 2024 trade surplus of USD 9.4 billion, driven by oil exports
In June 2024, Oman's imports reached 8 billion rials, up from 7.2 billion rials during the same period the previous year, a 10% increase...
Tag : oil
If oil stabilises below USD 70, what will it mean for Gulf markets?
Because oil is a significant export, there is still some correlation between oil prices and stock markets in the Gulf region...
OPEC+ agrees to delay October 2024 oil output hike for two months
On December 1, OPEC+ ministers convene as a full group to decide on policy...
Qatar & Kuwait LNG supply deal: All you need to know
In 2020, Kuwait and Qatar agreed to deliver 3 million tons of LNG annually for 15 years starting in 2022, aligning with the current agreement...
In major policy change, Baghdad shifts to profit sharing with oil & gas deals
In 2023, the total deal was heralded as a breakthrough in attracting Western majors back to Baghdad...
Infrastructure expenses spike super gasoline costs in Uganda
Uganda President Yoweri Museveni in 2023 attributed Kenya's government-backed gasoline importation agreement's 'middlemen' to the high fuel cost in Kampala...
Jordan extends MoU with Iraq for oil import, increasing exports by 50%
Importing crude oil from Iraq, according to Kharabsheh, is in line with the original Memorandum of Understanding that the governments of Jordan and Iraq signed on May 4, 2023...
Lebanon extends deadline for licensing round for offshore oil
The current tensions between Israel and Lebanon are jeopardising the 2022 agreement...
Further boost for Saudi Vision 2030? PIF swings to USD 36.8 billion profit in 2023
Saudi Arabia has invested hundreds of billions of dollars through the PIF in projects under the Vision 2030 plan...
Business Leader of the Week: Under Murray Auchincloss, BP prioritises profit over climate goals
Murray Auchincloss has taken up the CEO's role after the departure of his predecessor, Bernard Looney, with a promise to focus on delivering value for shareholders...