Doha: US Interior Secretary Doug Burgum said that American oil companies will soon announce an increase in production amid rising prices due to the ongoing conflict in the Middle East. “I believe you will see them all announce an increase in productio…

Doha: European stock indices fell Wednesday as investors assessed the economic repercussions of the conflict in the Middle East and US inflation data. The pan-European Stoxx 600 index closed down 0.6 percent, with most European stock exchanges declini…

Doha: European Commission: European Commission President Ursula von der Leyen said that 10 days of war in the Middle East have cost European taxpayers an additional EURO 3 billion in fossil fuel imports, noting a 50% increase in gas prices and a 27% i…

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 November delivery increased on Wednesday by USD 3.61 to USD 132.9 per barrel, in contrast to Tuesday’s price of USD 128.48.

According to Qatar News Agency, the monthly average price for Oman crude oil…