author - oman observer

Investors have purchased oil at the fastest rate for more than four years, amid optimism that Saudi Arabia and its Opec+ allies will continue to restrict production while an improving economic outlook...

LONDON: By most measures the oil market is the weakest it has been since late June before Saudi Arabia and its OPEC⁺ partners reduced by crude production by more than 1 million barrels per...

Global freight volumes show signs of having bottomed out in the first quarter, signalling the industrial cycle may be near its trough, which could provide some support to oil prices later in...

China’s electricity generation grew in line with the long-term average during the first four months of the year as the economy recovered from the end of Covid-19 lockdowns and the exit wave of the...

Global commercial oil inventories were close to their long-term seasonal average at the end of the first quarter of 2023 following massive releases from the US Strategic Petroleum Reserve (SPR) over...