Muscat: The total production of refineries in the Sultanate of Oman recorded a 12.5 percent increase by the end of December 2025, reaching 84,739,200 barrels compared to the end of December 2024, according to preliminary statistics issued by the Natio…
Month: February 2026
Gold Rebounds More Than 2% After Market Sell-Off
Muscat: Gold prices rose more than 2% today, rebounding from a sharp sell-off triggered by market reaction to the nomination of Kevin Warsh to head the Federal Reserve. Spot gold climbed 2.2% to $4,767.33 per ounce, after falling to its lowest level i…
Oil Falls for Second Day on Firm Dollar
Muscat: Oil prices fell today, easing for a second day, influenced by market factors and the firmer dollar. Brent crude futures fell 39 cents, or 0.5%, at $65.91 per barrel, and US West Texas Intermediate (WTI) crude was at $61.83 per barrel, down 31 …