Energy, Oil & Gas

Oil climbs as Hormuz tensions deepen; Iran threatens to halt Gulf energy exports

Oil prices extended gains on Wednesday as fears of a prolonged disruption to energy supplies through the Strait of Hormuz intensified following the United States' reimposition of a naval blockade on Iranian ports and fresh threats from Iran's Islamic Revolutionary Guard Corps (IRGC) to shut down regional oil and gas exports....

Energy, Oil & Gas

Oil market faces major oversupply risk in 2027 as Gulf supplies return: IEA

The global oil market could swing into a substantial surplus next year as production recovers sharply following the US-Iran peace agreement and the gradual reopening of Gulf energy routes, according to the latest outlook from the International Energy Agency (IEA)....

Energy, Oil & Gas

Oman’s oil exports surpass 26 million barrels by end of January 2026

Oman’s oil exports recorded a 3 percent increase by the end of January 2026, reaching 26,600,200 barrels compared to 25,821,300 barrels during the same period in 2025....

Energy, Oil & Gas

Oman oil exports dip 0.1pc by end-2025

Oman’s oil exports recorded a slight decrease of 0.1 per cent by the end of December 2025, reaching 307,960,900 barrels compared to 308,422,100 barrels during the same period in 2024, according to preliminary statistics issued by the National Centre for Statistics and Information (NCSI)....