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Oman oil price rally gains steam, vaults past $71 a barrel


Oman oil price rally gains steam, vaults past $71 a barrel
By: Times News Service
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Muscat: Oman oil price rally continued on the Dubai Mercantile Exchange (DME) on Wednesday reaching $71.38. This comprises an increase of $1.78 from the price of Tuesday, which was at $69.60.
“The average price of Oman oil (June Delivery 2021) has stabilised at $63.10, thus $1.33 per barrel lower than May Delivery 2021,” the DME said on Wednesday.
DME is the premier international energy futures and commodities exchange in the Middle East and is the premier energy-focused commodities exchange in the East of Suez and home to the world s third crude benchmark. ....

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Higher oil prices to pare Oman's budget deficit to 6.1 per cent of GDP in 2021


Higher oil prices to pare Oman’s budget deficit to 6.1 per cent of GDP in 2021
Published: 9:27 PM, May 19, 2021
Salient feature: Fiscal policymaking has been “galvanised” under the government of His Majesty Sultan Haitham bin Tarik, says Fitch.
17-Omani-real-GDP-growth-to-strengthen-to-3.3pc-in-2022 -Fitch
@conradprabhu
Relatively buoyant oil prices, which have since bounced back to pre-pandemic levels, will help shrink Oman’s budget deficit to 6.1 per cent of GDP in 2021, down from a hefty 18.3 per cent of GDP in 2020, international ratings agency Fitch stated on Tuesday.
Omani crude is currently trading at prices that prevailed before the oil price shock triggered by the pandemic early last year. ....

United Arab Emirates , Dubai Mercantile Exchange , Oman Crude Oil Futures Contract , Energy Development Oman , Petroleum Development Oman , Tawazun Programme , Oil Gas , Long Term Foreign Currency Issuer Default Rating , Medium Term Fiscal Plan , His Majesty Sultan Haitham , Personal Income Tax , Oman S , 6 1 , ஒன்றுபட்டது அரபு அமீரகங்கள் , துபாய் வணிக பரிமாற்றம் , ஓமான் கச்சா எண்ணெய் எதிர்காலங்கள் ஒப்பந்த , ஆற்றல் வளர்ச்சி ஓமான் , பெட்ரோலியம் வளர்ச்சி ஓமான் , எண்ணெய் வாயு , நீண்டது கால வெளிநாட்டு நாணய வழங்குபவர் இயல்புநிலை ரேடிஂக் , நடுத்தர கால நிதி திட்டம் , அவரது கம்பீரம் சுல்தான் ஹைதம் , தனிப்பட்ட வருமானம் வரி , ஓமான் கள் ,

DME Oman sets new record for physical delivery volumes


DME Oman sets new record for physical delivery volumes
919450
Business Reporter -
MUSCAT, FEB 6 -
Continuing its strong start to 2017, the Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has achieved a new record for physical delivery with 36.8 million barrels of Oman crude oil scheduled for delivery through the Exchange in March 2017. The latest figure surpasses the previous record of 29.9 million barrels for February 2017 delivery.
The physical delivery record marks yet another milestone for DME which only last week reported a new open interest record of 40,505 lots for its flagship Oman Crude Oil Futures Contract following January 2017 trading activity. ....

United Arab Emirates , Ahmad Sharaf , Dubai Mercantile Exchange , Oman Crude Oil Futures Contract , Middle East , ஒன்றுபட்டது அரபு அமீரகங்கள் , துபாய் வணிக பரிமாற்றம் , ஓமான் கச்சா எண்ணெய் எதிர்காலங்கள் ஒப்பந்த , நடுத்தர கிழக்கு ,