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Oman’s Crude Oil Benchmark Rebounds 300% Post Onset of Pandemic

Muscat: Oman’s crude oil benchmark, better known as Oman Crude Futures Contract, has registered a remarkable recovery and posted a growth of by 300%...
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Crude Oil

Oman Oil Price Declines 2.22 US Dollars

Muscat: Oman oil price (July Delivery 2021) today reached 66.21 US Dollars, comprising a decline by 2.22 US Dollars from the price of yesterday...
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Oman Oil Price Rises By 1.18 US Dollar

Muscat: Oman oil price (July Delivery 2021) today reached 68.43 US Dollars, comprising a rise of 1.18 dollars from the price of yesterday (Monday),...
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Oil prices

Slump in Oil Prices Due to Shortfall in Demand in India

With India reeling under the pressure of another wave of pandemic cases, India reduced the recovery period for oil demand thereby, upsetting the optimistic...
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Oil Is No Longer the Nemesis of Emerging Markets

Oil Is No Longer the Nemesis of Emerging Markets

(Bloomberg) -- Time was when an oil-price rout almost certainly meant a currency meltdown in emerging markets. Now, it’s failing to cause as much as...
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Oil Below Zero, Remittance Risk, Beijing Pays Price: Eco Day

Oil Below Zero, Remittance Risk, Beijing Pays Price: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: Oil went negative for the...
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Saudi Arabia Releases Triple-Tranche Bonds In A Bid To Replenish Coffers

The Kingdom of Saudi Arabia is said to have already received more than US$35 billion in combined orders for a planned triple-tranche bond sale...
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Abu Dhabi Selling Triple-Tranche Bonds; US$25bln Worth Orders Already In: Sources

Abu Dhabi is said to have already received more than US$25 billion in combined orders for a planned issue of dollar-denominated bonds, which it...
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Aramco Slashes Spending as Virus Erases Oil Demand Growth

Aramco Slashes Spending as Virus Erases Oil Demand Growth

(Bloomberg) -- Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are...
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GCC markets

Coronavirus Fears: Gulf Markets Spiral Downwards on Impact

The Gulf markets took a sharp nosedive at the start of trading on Sunday over increasing concerns of Novel Coronavirus, which has already done enough...
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