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Thursday, February 19, 2026 | Ramadan 1, 1447 H
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Energy

OPEC+ leans towards resumption in oil output increases from April

MOSCOW/LONDON: OPEC+ is leaning towards a resumption in oil output increases from April, three OPEC+ sources said, as the group ⁠prepares for peak summer demand and price strength is bolstered by tensions ⁠over...

Pictured is the OPEC logo on the wall of the new OPEC headquarters in Vienna

$1 bn worth of oil and gas projects launched in 2024

PDO achieved an average oil production of 679,922 bpd — the highest in two decades — exceeding its target by 7,000 bpd.

Oman oil price rises $2.84 to reach $75.84 per barrel

The monthly average price of Omani crude oil for July delivery reached $63.62 per barrel.

Abraj, PDO expand partnership with new contract

This marks a major expansion in the longstanding collaboration between Abraj and PDO

GCC - Hong Kong two-way trade jumps 30%

Exports from the GCC to Hong Kong witnessed a remarkable increase of 34.88% in 2021, amounting to a total of $11.6 billion.

Duqm Refinery marks 500th export shipment

The refinery has also demonstrated logistical capabilities by exporting 304,388 metric tonnes of LPG and efficiently handling vessels ranging from small tankers to large LR2 carriers.

Oman’s refinery output edges up 1.6%

Production of regular motor fuel (91) increased by 11.5 per cent to 8,659,500 barrels, up from 7,767,900 barrels during the same period in 2024.

Geopolitical Uncertainty: Oil prices stable, gold prices rise

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associated gas output in Oman jumps 11 per cent

Power generation saw a 3 per cent increase, with usage rising to 5.810 billion cubic metres.

Oman accelerates green hydrogen technology localisation

Wind blades for Oman’s first wind farm at Harweel being unloaded at Port of Duqm

OQ investments boost Oman’s fuel storage capacity

The new storage hubs will boost Oman’s resilience to supply crises primarily during weather-related emergencies

Oil prices inch up on geopolitical risks

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia. — Reuters

China's record-breaking heat pushes power demand

A general view of electricity pylons during an organised media tour in Jiuquan, Gansu province, China. — Reuters

OQAE, Naqaa to develop wind energy projects

The move forms part of OQ Group’s broader strategy to build an integrated value chain in clean energy.

Oman LNG marks 1,000th export to Japan

Japan has remained a primary destination for Omani LNG exports since the company’s inception more than 25 years ago.

OQEP, TPAO ink exclusive pact to evaluate Oman upstream blocks

13 OQEP, TPAO ink exclusive pact to evaluate Oman upstream blocks
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