Muscat : Omani crude oil prices slipped below the $64 mark for July delivery, reflecting continued volatility in global energy markets.
According to data from the Dubai Mercantile Exchange (DME), the monthly average price of Omani crude for May delivery was recorded at $72.51 per barrel, marking a notable decline of $5.12 compared to April’s average.
The drop underscores the broader trend of uncertainty and fluctuation in global oil markets, influenced by shifting demand dynamics, geopolitical developments, and supply-side considerations. Market analysts continue to monitor factors such as global economic indicators, OPEC+ production strategies, and evolving energy transition policies that could impact future pricing.
India Union Budget was sector diversified and considering the increasing global economic challenges, the India…
MUSCAT: The ‘Who’s Who of Oman Indian s’, which will include detailed information on prominent…
By Joseph Maliakan The Muslims and the nomads in the Himalayan state of Uttarkhand which…
By Joseph Maliakan The Supreme Court on 29 December 2025 in an unprecedented but welcome…
With the overall GDP valued at USD 4. 18 trillion, India has surpassed Japan to…
By Joseph Maliakan The new Bill introduced by the Union government , Viksit Bharat -…
This website uses cookies.