Thursday, November 5, 2026

Business

Iraqi oil exports to the US decline last week

The US Energy Information Administration (EIA) announced, on Sunday, a decline in Iraq’s oil exports to the United States during the past week.

The EIA stated in a table that “the average US imports of crude oil from 10 major countries amounted to 5….

Basra crude achieves significant weekly gains

Basra crude “heavy and medium” achieved weekly gains exceeding 8%, with global oil prices also recording significant weekly gains.

Basra heavy crude closed in its last session yesterday, Friday, up $2.27 to reach $72.48, and recorded weekly gains of …

Supply concerns drive oil prices up more than 5 percent

Oil prices jumped, at the end of Thursday’s trading, with attention focused on major crude producers in the Middle East and growing concerns that the expansion of the conflict in the region could pose a threat to global supplies.

Brent crude futures…

Recent posts

Oman Participates in GCC Culture Ministries’ Preparatory Meeting

Muscat:The Sultanate of Oman participated in a preparatory meeting of Undersecretaries of Ministries of Culture from GCC states. This meeting, conducted via video conference, served as groundwork for the upcoming 30th meeting of GCC Ministers of Cultu…

Sultan Haitham Embarks on State Visit to China

Muscat:His Majesty Sultan Haitham bin Tarik departed this morning for the People’s Republic of China on a two-day state visit. The visit comes in response to an invitation from President Xi Jinping of China.

According to Oman News Agency, His Majest…