Oman briefing

What’s happening in Oman

A focused view of Oman’s latest business, economy and public-interest developments, organised for quick reading.

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Latest from Oman · Page 24

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Oman’s Official Oil Price Exceeds $106

Oman's official oil price has exceeded the $106 mark per barrel for the upcoming June delivery. Today, the price recorded $106.53, representing an increase of $1.74 compared to Thursday's price.

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Shrimp Mortality in Dhofar: Impact of Climate Change and Oxygen Deficiency

Dr. Hussein Al-Masqati, Director of the Fisheries Development Department in Seeb, has announced the phenomenon of shrimp mortality in the Dhofar region. This phenomenon is attributed to the effects of climate change and oxygen deficiency in the waters, which significantly impacts marine life in the area.

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European Stocks Decline Amid Investor Concerns

European stocks declined today, indicating a trend towards recording weekly losses. This decline comes amid persistent investor concerns over the lack of progress in resolving the ongoing conflict in the Middle East, in addition to monitoring corporate earnings results.

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Who Dominates the Aviation Fuel Market in Oman?

Data from oil product marketing companies in the Sultanate of Oman, listed on the Muscat stock exchange, reveal a competition among three major companies to dominate the aviation fuel market. Despite the lack of full transparency in operations, these companies are striving to secure operational contracts with Omani airports, granting them a clear operational advantage.

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