June 9, 2026

Oman Oil Price Falls $4.79 Per Barrel

Muscat: The official price of Oman crude oil for August delivery reached $88.59 per barrel on Tuesday, reflecting a decrease of $4.79 compared to Monday’s price of $93.38 per barrel.

According to Qatar News Agency, the monthly average price for

Gold Prices Slip as Investors Await US Inflation Data

Doha: Gold prices fell on Tuesday, weighed down by a broad sell-off and growing expectations of US interest rate hikes later this year, while investor focus shifted to key inflation data due later this week. Spot gold fell 0.7 percent

Korean Shares Surge Over 8%

Seoul: South Korean stocks rose by more than 8 percent on Tuesday, strongly recovering from the sharp decline in the previous session, thereby regaining the 8,000-point level. The benchmark KOSPI index added 612.52 points, rising 8.18 percent, to clos…

QatarEnergy Announces New Oil Discovery Offshore Namibia

Doha: QatarEnergy announced an oil discovery with encouraging results from the Merlin-1X exploration well in the Petroleum Exploration License 39 (PEL 0039), offshore Namibia.

According to Qatar News Agency, Merlin-1X is the tenth well drilled under…

Japanese Stocks Close Higher as Chip-Related Heavyweights Recover

Japan: Japan’s Nikkei share average ended higher on Tuesday, as chip-related heavyweights recovered from heavy losses in the previous session. The Nikkei closed up 2.17% at 65,416.63. The index fell 3.85% on Monday, its largest one-day loss in three m…

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