Abu dhabi: Energy ministers of the Group of Seven (G7) on Wednesday affirmed their readiness to take “all necessary measures” regarding oil reserves, hours before a meeting of G7 leaders, amid sharp volatility in crude prices caused by the ongoing war…
Doha: GCC countries: have convened the fifth extraordinary meeting of the Executive Council of the Customs Union, held via video conference. Qatar was represented by a delegation led by HE Ahmed bin Abdullah Al Jamal, Director General of the General A…
Muscat: The official price of Oman crude oil for July delivery reached USD 104.74 per barrel on Tuesday. This represents an increase of USD 3.74 compared to Monday’s price of USD 101 per barrel.
According to Qatar News Agency, the monthly average pr…
Doha: Director of the Land Customs Department at the General Authority of Customs, Yousef Al Hammadi, has announced that land customs is offering comprehensive facilities to suppliers and traders. He emphasized that initiatives such as the economic op…
Doha: Oil prices fell by more than 11% on Tuesday, following remarks by US President Donald Trump that the war in the Middle East could soon come to an end, easing concerns over prolonged disruptions to global oil supplies. Brent crude fell $11.16, or…
Paris: Executive Director of the International Energy Agency (IEA) Fatih Birol has said that the G7 finance ministers’ meeting addressed the possibility of using strategic oil reserves, if necessary, to curb the sharp rise in oil prices caused by the …
New york: The US Treasury Department has welcomed the reactivation of the Central Bank of Syria’s account at the Federal Reserve Bank of New York. This marks the first time the account has been operational since 2011.
According to Qatar News Agency,…
Seoul: The South Korean government announced on Wednesday its intention to prepare a package of precautionary measures to maintain the stability of electricity prices, amid recent volatility in global energy prices following tensions in West Asia.
A…