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Sunday, July 26, 2026 | Safar 11, 1448 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI
Energy

Hormuz vessel crossings fall further over security concerns

Vessel crossings ⁠via the Strait of Hormuz dropped further on Tuesday, ​shipping data showed, as ​security concerns lingered amid ongoing attacks by the United States and Iran. A total of three commodity vessels...

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, July 21, 2026. REUTERS/Stringer

Oil edges up as glut fears ease despite weak demand

OPEC ’s plan to pause further production increases in the first quarter of next year also partly eased worries about oversupply— Reuters

New NGL extractor project planned

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LNG shipping rates hit highs

LNG tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan. — Reuters

IGC signs 19 gas agreements worth RO 3.4 billion

The strategic gas agreements were signed under the auspices of Sultan bin Salim Al Habsi, Minister of Finance

OQEP signs two strategic natural gas sales agreements

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OPEC+ looks set to further hike oil output

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Oman’s first biodiesel fuel station opens at Duqm

$10 billion investments power Duqm’s transformation

OQ has built an integrated energy ecosystem in Duqm that spans refining, petrochemicals, storage, utilities and global trade — redefining Oman’s place on the international energy map.

Private enterprises Value added dips Q2 2025

Micro enterprises recorded the strongest growth in value added, up 3.8% to RO 817 million in Q2 2025.

India to cut Russian oil imports after US sanctions

A worker walks atop a tanker wagon to check the freight level at an oil terminal on the outskirts of Kolkata. — Reuters

US targets Russia’s biggest oil firms, oil prices rise

US sanctions on Rosneft and Lukoil push oil prices higher as India moves to cut Russian oil imports. — Reuters

Oil prices surge as Trump hits Russian crude with sanctions

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OQEP and Petronas forge pact in upstream energy

The MoU was signed by Mahmoud al Hashmi, Acting Chief Executive Officer and Chief Operations Officer of OQEP; and Mohd Redhani bin Abdul Rahman, Vice President of International Assets at Petronas Upstream.

Report: OMIFCO underutilised CSR budget

OMIFCO owns and operates a major ammonia and urea fertiliser production plant at Sur.

Work begins on PDO’s Rawafid renewable energy projects

The base of a wind turbine being prepared at one of the wind farms under construction within PDO’s Block 6 licence.
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