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  • Business

Omani Crude Oil Price Reaches $76.36 a Barrel

July 16, 2026

Georgetown: The official price of Omani crude oil for September delivery reached $76.36 today. The price of Omani oil today declined $3.78 from yesterday’s $80.14

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Oil Prices Decline as Brent Crude Falls to $84.95 per Barrel

July 16, 2026

Georgetown: Oil prices turned lower on Thursday after paring their early gains, as traders took profits. Brent crude futures slipped 24 cents, or 0.28%, to

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South Korea Raises Interest Rates for First Time in More Than Three Years

July 16, 2026

Seoul: South Korea’s central bank delivered a quarter-percentage-point interest rate hike Thursday, as widely expected, to tackle high inflation amid lingering Middle East uncertainties. The

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Gold Prices Fall to $4,034.42 per Ounce

July 16, 2026

Georgetown: Gold prices fell in Asian trading Thursday: Spot gold was down 0.6% at $4,034.42 per ounce. US gold futures for August delivery lost 0.3%

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Gold Rebounds After US Producer Prices Data Eases Inflation Concerns

July 16, 2026

New york: Gold recovered earlier losses to edge higher on Wednesday after US producer prices fell in June, easing inflation concerns and supporting demand for

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Libya Records Highest Daily Oil Production Rate Since 2014

July 15, 2026

Doha: Libya’s Akakus Oil Operations announced that it has achieved the highest daily crude oil production rate in July since 2014, with a production volume

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