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IEA Confirms Ample Oil Reserves Despite Historic Stock Release

Doha: The International Energy Agency (IEA) said Tuesday that its member countries still maintain substantial emergency oil reserves, despite carrying out the largest-ever coordinated drawdown from strategic stocks.

According to Qatar News Agency, th…

Nakilat Profits Decline 0.31% in H1 of 2026

Doha: Qatar Gas Transport Company Limited (Nakilat) reported net profits of QR 856.96 million during the first half of 2026, compared to QR 859.63 million during the same period last year, thus recording a decrease of 0.31 percent.

According to Qata…

Gold Tops $4,000 Per Ounce

Doha: Gold prices rose Tuesday as oil prices declined amid signs of diplomatic efforts to de-escalate tensions between the US and Iran. Spot gold rose 0.5% to $4,023.56 per ounce as of 0146 GMT, while US gold futures for August delivery gained 0.3% to…