Muscat: Oil prices today fell after US President Donald Trump's lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns. Brent crude futures fell 25 cents to $68.96 a barrel, while US West Texas Intermediate crude futures fell 34 cents to $66.64. Both contracts settled more than $1 lower in the previous session. According to Oman News Agency, tariffs risk slowing down economic growth, which could sap global fuel demand and drag oil prices lower.
Related Articles
Oman LNG Signs Agreement to Supply Natural Gas Liquids to OQ
Muscat: Oman LNG has signed a new Sale and Purchase Agreement with OQ Refineries and Petroleum Industries sector, under which OQ will be supplied with Natural Gas Liquids (NGLs) for a period of four years, starting in 2026.
According to Oman News Ag…
GCC States Lead Global Competitiveness Indicators
Muscat: Data released by the GCC Statistical Center (GCC-Stat), indicate that GCC states achieved advanced global rankings across several key competitiveness indicators. These results reflect the strength of their economic and institutional performanc…
Oman Youth Beach Handball Team Kicks Off World Championship Campaign Against Spain, Puerto Rico
Muscat: Oman national youth beach handball team will begin its participation tomorrow ‘Wednesday’ in the third edition of the IHF Men’s Youth Beach Handball World Championship, hosted by the Tunisian Republic during 17-22 June 2025. The national team …