September 29, 2026
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Business

Brent crude rises to $74.16 as oil prices climb

omandailynews.comJuly 8, 2026July 9, 2026
July 8, 2026July 9, 2026
Oil prices settled higher Tuesday, with Brent crude futures rising 3.01% to $74.16 a barrel. U.S. West Texas Intermediate crude gained 2.76% to $70.44 a barrel. Brent added $2.17 for the session. WTI rose $1.89. Trading later extended gains after...
$70.44 WTI$74.16 Brentbrent crudeBrent futuresBrent settlementCENTCOMcommoditiescontent syndication servicescrude oilcryptowireenergy marketenergy supply routeseurowireglobal oil pricesGulf shippingIran oil sanctionsIranian oilmaritime securitymena newswireOFACOffice of Foreign Assets Controloil license revocationoil marketoil pricessanctions actionStrait of Hormuztanker incidentsU.S. Central CommandU.S. TreasuryUK Maritime Trade OperationsUKMTOwest texas intermediatewti crudeWTI settlement
Business

Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd

omandailynews.comApril 2, 2023April 2, 2023
April 2, 2023April 2, 2023
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes the total volume of cuts...
crude oileconomic growthenergy industryenergy marketglobal demandmarket uncertaintyoil output cutsOPECproduction cutsRussiaSaudi ArabiaUnited States

Latest News

Abu Dhabi rises to 33rd place JLL global transparency index

omandailynews.comSeptember 29, 2026

Thani Al Zeyoudi highlights trade growth during high level...

omandailynews.comSeptember 28, 2026

UAE President and Uzbek official discuss bilateral relations

omandailynews.comSeptember 28, 2026

UAE GDP projected to rise 5 percent according to...

omandailynews.comSeptember 26, 2026

Asia-Pacific growth outlook lifted to 5% for 2026

omandailynews.comSeptember 24, 2026September 25, 2026

UAE joins Trump meeting on Middle East security in...

omandailynews.comSeptember 23, 2026September 24, 2026

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