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 […]
Muscat: The Sultanate of Oman’s total electricity production recorded a 6.8 per cent increase by the end of May 2026, reaching 20,314.0 GWh compared to 19,027.4 GWh during the corresponding period in 2025. Latest preliminary data released by the National Centre for Statistics and Information (NCSI) revealed that net electricity production, which includes purchases by […]
Muscat: Oman’s development expenditure reached RO 1.577 billion in 2025, exceeding the approved budget allocation by RO 437 million, as the government increased funding to accelerate the implementation of approved projects across various sectors. According to the State Final Account for Fiscal Year 2025, the additional allocations were directed to government entities and governorates to […]
MUSCAT: Oman’s annual inflation rate accelerated to 3.8 per cent in May 2026, driven by higher transport, food and personal service costs, according to data released by the National Centre for Statistics and Information (NCSI). The consumer price index rose 3.8 per cent compared with May 2025, while average inflation for the first five months […]
MUSCAT: Oman’s public revenues rose 8 per cent in 2025, helping narrow the fiscal deficit by more than a quarter, as stronger oil and gas earnings offset higher spending on subsidies, development projects and social programmes, according to final budget figures released by the Ministry of Finance. Actual public revenues reached RO 12.122 billion in […]
Muscat: Oman’s Consumer Price Index rose by 3.8 per cent in May 2026 compared with the same month of 2025, according to data issued by the National Centre for Statistics and Information (NCSI). The average inflation rate during the January–May 2026 period increased by 2.8 per cent, based on the 2018 base year. The miscellaneous […]
MUSCAT: Oman’s refining sector delivered mixed results during the first four months of 2026, with stronger jet fuel output and petrochemical production offset by declines in gasoline, diesel and liquefied petroleum gas (LPG), according to preliminary data from the National Centre for Statistics and Information (NCSI). Production of regular petrol (91 octane) fell 7.9 per […]
SINGAPORE: (Reuters) – Oil prices jumped on Thursday on the escalation of hostilities between the U.S. and Iran, but later pared gains as traders assessed the actual impact on supply disruptions. Tehran declared the Strait of Hormuz closed after the U.S. launched additional strikes against Iran and as President Donald Trump vowed even more attacks […]
