This Non-OPEC Member Just Called For An Extension Of The OPEC Deal
Non-OPEC Oman will continue to cap its crude oil output at 970,000 bpd this year if OPEC and non-OPEC countries were to extend the production cuts through the end of Continue Reading
Are Gulf Oil Producers Falling Into The ‘Venezuela Trap’?
Oman has struck a deal with several banks for a $4 billion loan to be repaid in future oil deliveries. Abu Dhabi signed a contract with commodity trading giant Vitol Continue Reading
Oman Plans to Sell as Much as $2 Billion of Bonds Amid Deficit
Oman, the largest Arab oil producer that’s not an OPEC member, plans to sell between $1.5 billion to $2 billion of bonds internationally in 2017 to plug a deficit caused Continue Reading
Iran eyes natural gas exports to Oman with international oil companies
Senior officials from state-owned National Iranian Gas Exports Co have met with Oman’s oil ministry and three international oil companies — Shell, Total and Korea Gas Corp — to look Continue Reading
BP to use hydraulic fracturing for Oman’s gas
British energy company BP said it extended an agreement in Oman to help develop a natural gas field that may require hydraulic fracturing to exploit fully. BP and Oman Oil Continue Reading
Oman Willing To Cut Up To 10% If OPEC Leads The Way
Small non-OPEC producer Oman believes that an OPEC production deal is now more in sight than it was a few months ago, Omani Minister of Oil and Gas Mohammad bin Continue Reading
Oman says to change Iran gas pipeline route to avoid UAE
Oman’s Oil Minister Mohammad bin Hamad bin Saif al-Rumhi attends during the opening session of the first Gas Exporting Countries Forum (GECF) summit in Doha November 15, 2011. Oman and Continue Reading
Saudi Arabia and Bahrain See Low Oil Price Prompt Ratings Cut
Middle Eastern oil producers including Saudi Arabia and Oman had their ratings downgraded by Moody’s Investors Service because of a collapse in oil prices, according to a statement from the Continue Reading
Oman Offers to Bridge Saudi-Iran Gap in Oil Output Talks
Oman, the biggest non-OPEC oil exporter in the Persian Gulf, offered to narrow differences between Saudi Arabia and Iran that scuttled a planned crude output freeze. Futures fell as much Continue Reading
New Guard Rises in Saudi Arabia as Oil Crisis Forces Rethink
After a year of plunging oil prices, all eyes were on Ibrahim Al-Assaf, Saudi Arabia’s finance minister for two decades, to deliver a budget that could restore confidence in the Continue Reading