Oil prices rose on Friday and are on track for a weekly gain of more than 1% amidst tensions in the Middle East, the world’s top oil-producing region.

Brent crude futures climbed 45 cents, or 0.6%, to $74.83 a barrel.

US West Texas Intermediate cru…

The price of Kuwaiti oil increased $0.35 a barrel to $75.54 per barrel in trading yesterday, data showed today.

In global markets, Brent crude futures fell by $0.58, reaching $74.38 per barrel at settlement, while US West Texas Intermediate crude fu…

The price of Kuwaiti oil increased $0.35 a barrel to $75.54 per barrel in trading yesterday, data showed today.

In global markets, Brent crude futures fell by $0.58, reaching $74.38 per barrel at settlement, while US West Texas Intermediate crude fu…

Gold prices eased on Friday but were on track for a third straight weekly gain as elevated geopolitical tensions boosted safe-haven appeal.

Spot gold slipped 0.4% at $2,725.73 per ounce. Prices hit a record high of $2,758.37 on Wednesday and gained …

The Gulf Standardization Organization (GSO) signed a memorandum of understanding (MoU) and a regional adoption agreement with the International Electrotechnical Commission (IEC), on the sidelines of the 88th meeting of the General Assembly of the Com…

The Gulf Standardization Organization (GSO) signed a memorandum of understanding (MoU) and a regional adoption agreement with the International Electrotechnical Commission (IEC), on the sidelines of the 88th meeting of the General Assembly of the Com…

The official price of Omani oil, for delivery in December, today recorded $74.05 a barrel.

The price of Omani oil saw a decrease of $1.33, compared to yesterday’s price, Thursday, which amounted to $75. 38 cents.

It is worth noting that the monthly…