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Omani Oil Prices Retreat $1.33 a Barrel

The official price of Omani oil, for delivery in December, today recorded $74.05 a barrel.

The price of Omani oil saw a decrease of $1.33, compared to yesterday’s price, Thursday, which amounted to $75. 38 cents.

It is worth noting that the monthly…

GSO, IEC Sign MoU, Regional Adoption Agreement

The Gulf Standardization Organization (GSO) signed a memorandum of understanding (MoU) and a regional adoption agreement with the International Electrotechnical Commission (IEC), on the sidelines of the 88th meeting of the General Assembly of the Com…

Gold Prices Fall amid Geopolitical Tensions

Gold prices eased on Friday but were on track for a third straight weekly gain as elevated geopolitical tensions boosted safe-haven appeal.

Spot gold slipped 0.4% at $2,725.73 per ounce. Prices hit a record high of $2,758.37 on Wednesday and gained …

Oil Prices Rise Amid Concerns on Middle East Tensions

Oil prices climbed by more than 1% on Thursday, almost reversing previous session’s losses, as Middle East tensions came back into focus ahead of the US election.

Brent crude futures rose 95 cents, or 1.27% to $75.91, while US West Texas Intermediat…