Day: May 15, 2026

Oil Gains as Markets Eye Middle East Developments

Lebanon: Oil prices rose on Friday as markets remained cautious over escalating Middle East developments and their potential impact on Strait of Hormuz shipping flows. Brent crude futures climbed 60 cents, or 0.57%, to $106.32 a barrel. US West Texas …

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Oman Oil Price Rises $1.94 to $106.75 per Barrel

Muscat: The official price of Oman crude oil for July delivery rose by $1.94 on Friday to reach $106.75 per barrel, compared to Thursday’s price of $104.81 per barrel.

According to Qatar News Agency, the average monthly price of Omani crude for May …

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Saudi Arabia, Pakistan Discuss Industrial Cooperation

Saudi arabia: Saudi Minister of Industry and Mineral Resources Bandar Al Khorayef virtually discussed with Pakistan’s Minister of Industries and Production Haroon Akhtar Khan and Minister for Climate Change Musadik Malik ways to strengthen industrial …

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