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A service for energy industry professionals · Tuesday, December 3, 2024 · 765,868,937 Articles · 3+ Million Readers
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Oman Oil & Gas Newswire

  • Published on 16:54 GMT

    Major Gulf equities track higher oil prices; Qatar flat

    Major Gulf stock markets ended higher on Tuesday, fueled by rising oil prices, as investors bet on OPEC+ extending its production cuts at Thursday’s meeting, although Qatar’s index bucked the trend with a flat close. Oil prices, a major driver for Gulf …

    Source: Business Recorder - Neutral
  • Published on 12:08 GMT

    Oil terminals: Iran’s arteries for energy hub

    Under its neighborhood policy, Iran seeks to become the energy hub of the region, where the strategic capacities of its oil terminals have created a unique opportunity for brining neighbors closer and firing up economic growth and development.  The policy …

    Source: Press TV - Label Pending
  • Published on 08:50 GMT

    Oman to host 12th global CYSEC Summit and Awards

    MUSCAT: The National Cybersecurity Industry Programme has estimated the value of the Omani cybersecurity market at around $50 million, with a projected annual growth rate of 24 per cent to reach $58 million in 2024. Furthermore, Omani companies are …

    Source: Oman Observer - Gov't Propaganda
  • Published on 11:44 GMT

    Iran's oil exports drop amid China's energy shift and Trump’s comeback

    Tanker tracking firms and energy consultants have reported a steady decline in Iran’s oil exports since September as its main customer China appears to be reducing imports of Iranian crude. The exports fell from over 1.8 million barrels per day (mb/d) …

    Source: Iran International - Uncategorized
  • Published on 08:13 GMT

    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 exporter, …

    Source: Gulf Insider - Neutral
  • 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 17:03 GMT

    FTXT, Synergy ally on fuel cell commercial vehicle business in Middle East

    Shanghai (Gasgoo)- On November 30, FTXT Energy Technology Co., Ltd. (FTXT), a China-based specialist in fuel cell systems for the transportation sector, signed a memorandum of understanding (MoU) with Synergy Investments LLC (Synergy) to forge a strategic …

    Source: Gasgoo - Neutral
  • Published on 16:27 GMT

    Storing CO2 in rock: Carbon mineralization holds climate promise but needs scale-up

    Carbon mineralization is a process by which gaseous carbon dioxide reacts chemically with certain rock types and transforms into solid carbonate minerals. This natural process is an essential part of the long carbon cycle, which has helped regulate Earth’s …

    Source: Mongabay - Neutral
  • 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 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

    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 06:45 GMT

    28th ECO Foreign Ministers’ Meeting begins in Iran

    The two-day meeting focuses on enhanced regional connectivity through rail and road network development, streamlined border procedures, and visa regime liberalization. Blessed with vast oil and gas reserves, the Eurasia region which includes most of the …

    Source: Mehr News Agency - Gov't Propaganda
  • 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 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 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 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

29 days 14:46:03

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