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Oman Oil & Gas News. Service for global professionals. Constantly updated news and information about Oman.
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Latest Oman Oil & Gas News

  • India loses out on expensive Gulf oil 7 Jan 2010 05:58 GMT
    ... Gulf nations to cut the cost of oil imports have turned more expensive than the ... the sweet crudes. Official data from the petroleum ministry shows that the average price of ... the average prices of the Dubai and Oman sour crudes have been $76.04 and $76.09 ...

  • Mideast Crude Oil Rises after Saudi Arabia Lowers Prices 7 Jan 2010 03:40 GMT
    ... DUBAI - Crude oil from the Middle East sold to Asia rose ... 10 cents to the average of benchmarks Oman and Dubai. The cut in prices may ... in prices may lift processing profits for refiners and spur some demand for crude, said ...

  • Iran Set to Reduce February Oil Prices for Asia on Saudi Cuts 7 Jan 2010 01:29 GMT
    ... Iran Set to Reduce February Oil Prices for Asia on Saudi Cuts . ... above the average of Persian Gulf benchmark Oman and Dubai grades, based on a quarterly ... the second-largest producer in the Organization of Petroleum Exporting Countries, pumped 3.8 million barrels a ...

  • Where skyscrapers meet deserts: Kuwait 7 Jan 2010 01:28 GMT
    ... on among other Gulf countries for its oil wealth, and Kuwaitis began going abroad for their ... of wealth come from oil and natural gas. There is also much income from fishing ... Kuwait is located, only Saudi Arabia and Oman have their weekend on Thursday and Friday. ...

  • Beyond Dubai: What's Ahead for the Middle East This Year? 6 Jan 2010 20:57 GMT
    ... strong position today. It helps, too, that oil prices have doubled in the past year or ... is Qatar, where vast new liquefied natural gas production facilities are due to come online ... states of the GCC, comprising Kuwait, Bahrain, Oman, Qatar, Saudi Arabia and the UAE). Of ...

  • UPDATE 2-Gulf may launch single currency in 2015-official 6 Jan 2010 13:07 GMT
    ... on Wednesday. Rulers from the world's top oil exporting region endorsed the much-delayed monetary union last ... -- the bloc's second-largest economy -- and Oman. Policymakers from the other four states -- ... COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters ...

  • UPDATE 1-Gulf may launch single currency in 2015-official 6 Jan 2010 09:39 GMT
    ... on Wednesday. Rulers from the world's top oil exporting region endorsed the much-delayed monetary union last ... -- the bloc's second-largest economy -- and Oman. Policymakers from the other four states -- ... CURRENCY/ Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters ...

  • Malaysian Tapis leads for seven weeks: REVIEW of 13 world oil prices 6 Jan 2010 09:26 GMT
    ... average price was observed on the Malaysian oil Tapis last week. Its average sport price hit $81.7 ... WTS crude oil was $77 per barrel. Oman's average sport price increased by $4.8 and ... average spot price was observed for the OPEC oil basket -$75,53 compared to the $71.5 ...

  • MCX crude falls on weak global cues 6 Jan 2010 08:07 GMT
    ... Crude oil futures slipped in the initial trading at the ... the Arab Light price for Far East refiners by 35 cents to the Oman/Dubai average minus 60 cents a barrel. ...

  • Gulf markets up in active trade 6 Jan 2010 01:02 GMT
    ... a fourth day as telecoms rallied and Oman hit a fresh 10-week closing high. In ... rose 3.4 and 3.7 percent respectively. Dana Gas climbed 5.3 percent after the firm said ... (FTH) said in its daily market commentary. “Oil prices are doing nicely and the global situation ...

  • Middle East markets up in more active trade, await Q4 results 5 Jan 2010 22:10 GMT
    ... a fourth day as telecoms rallied and Oman hit a fresh 10-week closing high. In ... rose 3.4 and 3.7 percent respectively. Dana Gas climbed 5.3 percent after the firm said ... but remain markedly below the three-month average. “Oil prices are doing nicely and the global situation ...

  • Oman's Trade Surplus Down 32 Per Cent in 2009 to $11.43b 5 Jan 2010 20:05 GMT
    ... MUSCAT — Oman’s foreign trade surplus fell 32 per cent ... year earlier due to a fall in oil and gas exports, the Gulf country’s economy ... less hit because as a non-Organisation of Petroleum Exporting Countries member it did not have ...

  • Oman trade surplus down 32 pct in 2009 - minister 5 Jan 2010 14:24 GMT
    ... MUSCAT, Jan 5 (Reuters) - Oman's foreign trade surplus fell 32 percent to ... year earlier due to a fall in oil and gas exports, its economy minister said on Tuesday. ...

  • UPDATE 1-Oman's trade surplus down 32 pct y/y in 2009 5 Jan 2010 12:33 GMT
    ... Saleh al-Shaibany MUSCAT, Jan 5 (Reuters) - Oman's foreign trade surplus fell 32 percent to ... year earlier due to a fall in oil and gas exports, the Gulf country's economy minister said ...

  • Inside Yemen 5 Jan 2010 11:27 GMT
    ... Republic of Yemen was known to the Romans as Felix Arabia, or Happy Arabia, because ... dealing with separatist unrest in the south. Oil prices are falling and there's a chronic shortage ...


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"I'm sure that [the West's] experiences in Iraq, Afghanistan and Pakistan will be very useful to learn from - that direct intervention complicates things."
— Yemeni Foreign Minister Abu Bakr al-Qirbi

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