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Category: Trading

Oman Participates in GCC Financial Discussions in Kuwait

Kuwait city: The Sultanate of Oman took part in the 74th meeting of the Committee of GCC Undersecretaries of Ministries of Finance, convened in Kuwait. Leading the Omani delegation was Abdullah Salim Al Harthy, Undersecretary of the Ministry of Financ…

Oman LNG Signs Agreement to Supply Natural Gas Liquids to OQ

Muscat: Oman LNG has signed a new Sale and Purchase Agreement with OQ Refineries and Petroleum Industries sector, under which OQ will be supplied with Natural Gas Liquids (NGLs) for a period of four years, starting in 2026.

According to Oman News Ag…

Oil Prices Rise as US Crude Stockpiles Decrease

Muscat: Oil prices today rose for a second straight session after industry data showed a decline in US crude stockpiles, reinforcing expectations of tightening supply. Brent crude futures gained 27 cents, or 0.4%, to $67.90 a barrel, while US West Tex…

Gold Prices Ease from Record High

Muscat: Gold prices today retreated from an all-time peak in the previous session, as investors weighed cautious remarks by US Federal Reserve Chair Jerome Powell on the outlook for interest rate cuts. Spot gold slipped 0.3% to $3,753.22 per ounce, af…

Dollar Rises as Markets Weigh Fed’s Cautious Tone on Easing

New york: The US dollar today edged up from its lowest level in close to a week after Federal Reserve Chair Jerome Powell struck a cautious tone on further easing. The US dollar index, which measures the currency against six major rivals, added 0.1% t…