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Oil Prices Edge Down Amid Calls to Secure Strait of Hormuz

Riyadh: Oil prices declined in early Asian trading on Monday following US President Donald Trump’s call for other nations to assist in protecting the Strait of Hormuz. Brent crude futures fell 24 cents, or 0.23 percent, to $102.90 a barrel, after clos…

Kuwait Bourse Ends Trading with Decline in All Share Index

Kuwait: Kuwait Bourse closed trading on Monday as the All Share Index lost 32.98 points to reach 8,571.14 points, a decrease of 0.38 percent.

According to Qatar News Agency, the trading session saw a total of 137.6 million shares exchanged, valued a…

Oman Oil Price Rises by Over USD 3 per Barrel

Muscat: The official price of Oman oil for May delivery reached USD 147.79 per barrel (pb) on Monday, up USD 3.43 from Friday’s price of USD 144.36.

According to Qatar News Agency, the average monthly price of Omani crude oil for March delivery stoo…

Aluminium Bahrain Initiates 19% Production Capacity Reduction

Manama: Aluminium Bahrain (Alba) has announced a strategic move to shut down three of its aluminium smelting lines, which constitute 19% of its total production capacity, set at 1,623,000 metric tonnes per annum. This decision was revealed on Sunday a…