Tue, 21-Oct-2025

Oil steadies as investors assess Omicron’s impact

Omicron

NEW YORK: Oil prices edged lower in choppy trade on Wednesday, taking a breather after gains earlier this week, as investors assessed the impact of the Omicron coronavirus variant on the global economy, Reuters reported. The market had a muted reaction to US weekly inventory figures, which showed a smaller-than-anticipated decline in crude stocks and another bump … Read more

Saudi oil exports rise in September for the 5th month in a row

Saudi Arabia’s crude oil

MOSCOW: Saudi Arabia’s crude oil exports increased in September for the fifth month in a row, Arab News quoted official data posted on Jodi Data Initiatives Organisation’s website. The kingdom exported 6.52 million barrels/day (bpd) of crude oil, up by one per cent from August and 8 per cent from a year ago, the data … Read more