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A service for energy industry professionals · Tuesday, December 3, 2024 · 765,685,644 Articles · 3+ Million Readers
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Oman Oil & Gas News Monitoring

  • Published on 01:06 GMT

    Non-oil sectors drive robust growth in GCC

    RIYADH: The GCC region is estimated to have subdued economic growth of 1.6 percent in 2024 but is forecast to grow at 4.2 percent in 2025-2026, according to the Fall edition of the Gulf Economic Update. Growth continues to be driven by the non-oil sector …

    Source: Kuwait Times - Pro-Government
  • Published on Dec 2, 2024

    Omani bourse on path to Emerging Market status

    MUSCAT, DEC 2 Oman’s efforts to modernise its capital markets have positioned the Sultanate of Oman closer to earning Emerging Market (EM) classification by global index providers such as MSCI and FTSE. A new report by Oman Investment Bank (OIB) highlights …

    Source: Oman Observer - Gov't Propaganda
  • Published on Dec 2, 2024

    Saudi Arabia boosts crude oil share in Asia at Russia's expense

    Saudi Arabia clawed back market share of Asia's crude oil imports in November, while Russia surrendered some of its barrels in what may be an early sign of a shift in market dynamics. Asia's imports from Saudi Arabia, the world's biggest crude …

    Source: The Economic Times - Center-right
  • Published on Dec 1, 2024

    The scope of renewable energy in EVs in Oman

    In today's world, the energy and transportation sectors are facing critical issues in solving some of the century's most pressing concerns, including the struggle for energy independence, the fall of oil supply, global warming and climatic change. …

    Source: Oman Observer - Gov't Propaganda
  • Published on Dec 1, 2024

    Oman’s Islamic finance market to hit $40bn in medium-term: Fitch

    Muscat – Increasing public demand, expanding distribution channels, the growing use of sukuk as a public funding tool, and recent regulatory reforms are expected to drive further growth in Oman’s Islamic finance sector, according to Fitch Ratings. Fitch …

    Source: Muscat Daily - Pro-Government
  • Published on Dec 1, 2024

    Angola Replaces Alrosa with Oman in Diamond-Mining Operations 

    Angola has sidelined Alrosa from all its diamond-mining interests in the country after sanctions on the Russian miner caused bottlenecks in selling rough.  Alrosa has sold its stake in Angola’s Catoca and Luele mines to Oman-based investment fund Madden …

    Source: Rapaport - Neutral
  • Published on Dec 1, 2024

    Oman’s Marafiq announces tender to build new desalination plant in Duqm

    Muscat – The plant, with a capacity of 45 million litres per day, will supply industrial water and a drainage system to a major international steel manufacturing company operating in the region. Eng. Abdullah bin Mohammed Al Hashemi, CEO of Marafiq, stated …

    Source: The Arabian Stories - Pro-Government
  • Published on 03:46 GMT

    34 firms submit EOIs

    Thirty-four global firms have submitted expressions of interest (EOIs) to supply spot liquefied natural gas (LNG) to Bangladesh as the interim government has started shortlisting spot LNG suppliers afresh. A senior official of state-run Petrobangla told …

    Source: The Financial Express Bangladesh - Pro-Government
  • Published on Dec 2, 2024

    MSM index ends lower

    Muscat: The MSX index closed at 4,569.60 points, down by 0.19% from previous close. The Sharia Index ended up by 0.64% at 418.14 points. Majan Glass was the top gainer while, Al Suwadi Power was the top loser. Shares of OQEP were the most active in terms …

    Source: Times of Oman - Pro-Government
  • Published on Nov 30, 2024

    Omani stock market extends losses for fifth week amid regional tensions

    Muscat: The Omani stock market continued its bearish momentum for the fifth consecutive week, registering a decline of 0.99%, according to an industry expert. “Market sentiment was influenced by the downturn in oil prices, as speculation around a potential …

    Source: Times of Oman - Pro-Government
  • Published on Nov 27, 2024

    Oman oil price reaches $72.16 per barrel

    MUSCAT: The official price of Oman oil yesterday for delivery in January reached $72.16. The price of Oman oil yesterday witnessed a decrease of 29 cents compared to Tuesday, which amounted to $72.45. The monthly average price of Omani crude oil for …

    Source: Oman Observer - Gov't Propaganda
  • Published on Nov 29, 2024

    Omani firm replaces sanctions-hit Alrosa in Angolan diamond miner

    A subsidiary of the sovereign wealth fund of Oman is replacing Russian sanctions-hit Alrosa in Angola's state-controlled diamond miner Catoca, an Angolan official said on Thursday. Angola has been under pressure to cease its long-standing partnership …

    Source: Mining Weekly - Neutral
  • Published on Nov 28, 2024

    Opec+ meeting postponed to Dec 5

    The ministerial meeting of the Opec+ alliance initially scheduled for Sunday (Dec 1) has been pushed back to December 5, the Vienna-based Organization of the Petroleum Exporting Countries (OPEC) said on Thursday (Nov 28). The 22-member Opec+ group led by …

    Source: The Business Times Singapore - Neutral
  • Published on Nov 28, 2024

    OPEC+ postpones meeting on oil output to December 5

    The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output. The 22-member OPEC+ group led by Saudi Arabia and Russia was due …

    Source: Al-Monitor - Neutral
  • Published on Nov 28, 2024

    OPEC+ ministerial meeting extended to December 5

    The Vienna-based Organization of the Petroleum Exporting Countries, OPEC, says the ministerial meeting of the OPEC+ alliance initially slated for Sunday has been postponed to December 5. According to a statement by OPEC on Thursday, several Ministers will …

    Source: Daily Post - Neutral
  • Published on Nov 28, 2024

    Tethys Oil eyes commercial success in Oman Block 58

    MUSCAT: Having just secured the Omani government’s nod to proceed with the commercial development of Block 56 in southeastern Oman, Swedish energy firm Tethys Oil is hoping it is on cusp of a significant hydrocarbon discovery in Block 58 in the southwest …

    Source: Oman Observer - Gov't Propaganda
  • Published on Nov 28, 2024

    Oman and Turkey forge strategic ties with 10 landmark agreements

    ALBAWABA- Oman and Turkey have solidified their partnership by signing 10 significant agreements and memorandums of understanding during a ceremony in Ankara, attended by His Omani Sultan Haitham bin Tarik and Turkish President Recep Tayyip Erdoğan.  The …

    Source: Al Bawaba - Uncategorized
  • Published on Nov 28, 2024

    Building resilience: Oman’s approach to climate change

    Climate change and environmental degradation pose significant threats to Oman and the Arabian Peninsula. From rising sea levels and more frequent storms to drying water sources, crop failures, and disease outbreaks, global warming impacts nearly every …

    Source: Oman Observer - Gov't Propaganda
  • Published on Nov 28, 2024

    Market Circumstances Not Supportive of OPEC+ Cut Unwind, StanChart Says

    Market circumstances are not supportive of production-cut unwinding. That’s what analysts at Standard Chartered Bank, including the company’s head of commodities research Paul Horsnell, said in a report sent to Rigzone late Tuesday by Horsnell. In the …

    Source: Rigzone - Neutral

30 days 04:41:39

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