Oman’s economy contracted by 1.9% in nominal terms in the first half of the year as the non-oil sector shrank, the central bank said on Monday. The Gulf state’s finances Continue Reading
While oil traders have been generally punting to the “November Iran sanctions” as the reason why in recent weeks a bevy of $100 oil forecasts have emerged (even if Goldman Continue Reading
The higher oil prices and the subsequent higher oil revenues play a part in a significantly improved outlook for the state finances and trade balances of the Arab Gulf countries, Continue Reading
Oman’s crude oil and condensate production in June jumped to its highest in 16 months, another sign that key producers in the Middle East are beginning to pump more oil, Continue Reading
Natural gas from onshore basins in Oman could be used to develop a maritime fueling point for liquefied natural gas, French supermajor Total said. The French company signed a memorandum Continue Reading
British energy company BP said it brought lessons learned from hydraulic fracturing in the United States to start production at a natural gas field in Oman. BP and the Omani Continue Reading
But some global buyers see an opportunity in the current market crisis. With one of the world’s largest investors this week making a leap into the sector. That’s the sovereign Continue Reading
Oman would support OPEC output cuts past March 2018 to support oil prices, according a new report from The Times of Oman . There was no mention of deeper cuts. Continue Reading
Credit rating lowered to one notch below investment grade S&P says Oman can’t mitigate risk of volatile export revenue Oman was cut to junk by S&P Global Ratings, which said Continue Reading
Middle East international bond sales are off to the strongest ever start to a year as borrower demand for funds outstrips the firepower of local banks in an era of Continue Reading
