MUSCAT: Payments reported by energy major Shell to Omani government bodies from extractive activities declined by about 13 per cent to $3.99 billion in 2025, despite an increase in oil production from its flagship Block 6 in the Sultanate of Oman, according to company and official data. The decline from approximately $4.59 billion in 2024 […]
Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for U.S. jobs data that could gives hints about the risk of interest rate hikes. Oil prices hit new four-month lows, with Brent crude off 0.8% to $71 a barrel, as U.S. President Donald […]
The preliminary U.S.-Iranian deal could lower fuel prices, but don’t expect cheaper flights anytime soon. The conflict caused jet fuel prices to nearly double, forcing airlines to operate fewer flights and raise fares. The framework deal US and Iranian officials are expected to sign on Friday would restore oil exports from the Middle East, but […]
