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Author: Web Desk

MSX Gains 103 Points

Muscat: The Muscat Stock Exchange “30” index concluded today’s trading session at 8132.54 points, gaining 103.7 points, which constitutes a rise by 1.29 percent from the previous close of 8,028.88 points. Trading value soared to RO 102,284,912, markin…

Australia Halves Fuel Excise to Counter Global Energy Turmoil

Muscat: Australian Prime Minister Anthony Albanese announced today a 50 per cent reduction of the fuel excise, a move aimed at mitigating the impact of the global fuel crisis stemming from the escalating military conflict in the Middle East. In a stat…

Oil Prices Surge Amid Middle East Military Tensions

Muscat: Oil prices extended gains today, with Brent headed for a record monthly rise, amid escalating military tensions in the Middle East. Brent crude futures jumped $2.43, or 2.16%, to $115 a barrel after settling 4.2% higher on Friday. US West Texa…

Oil Prices Surge Amid Middle East Military Tensions

Muscat: Oil prices extended gains today, with Brent headed for a record monthly rise, amid escalating military tensions in the Middle East. Brent crude futures jumped $2.43, or 2.16%, to $115 a barrel after settling 4.2% higher on Friday. US West Texa…

Oman Oil Price Declines by USD 14.68

Muscat: The official price of Oman crude oil for May delivery settled at USD 104.84 per barrel today. This marks a decrease of USD 14.68 compared to last Friday’s closing price of USD 119.52 per barrel.

According to Oman News Agency, the monthly aver…