Muscat: The US dollar today hit a three-week high on the yen and was firm across the board after some strong US services data and cautious optimism on the tariff front. The dollar jumped 0.9%, pulling above 150 yen, then rose a little further in the A…
Muscat: The Sultanate of Oman’s Gross Domestic Product (GDP) at fixed prices saw a rise of 1.7 percent, reaching RO 38,305.2 million by the end of the fourth quarter of 2024. This reflects an increase from the RO 37,674.5 million recorded during the s…
Muscat: Sinopec, China’s largest oil refiner, has announced the discovery of two major shale oilfields in the east of the country with combined proven reserves of 180 million tonnes, after the discovered reserves in the Xinxing shale oil field in east…
Muscat: Oman oil price for May delivery 2025 reached 74.44 US dollars, marking an increase of 93 cents compared to the previous day’s price, which was 73.51 US dollars.
According to Oman News Agency, the average price of Oman oil for March delivery …
Muscat: Gold prices rose today as demand for safe-haven assets increased amid the uncertainty surrounding US President Donald Trump’s tariffs, as well as concerns about economic slowdown, trade tensions, and inflation worries.
According to Oman New…
New York: Oil prices were little changed today as markets weighed the impact of newly announced US tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand. Brent crude futures were up 1 cent at $73.01 a barrel, while U…
