Tag: Oman
U.S. West Coast refiners purchase Oman crude, first time in 3 years
Oman crude prices more competitive By Liz Hampton HOUSTON, June 16 (Reuters) – U.S. West Coast refiners have imported several Oman crude cargoes in recent weeks, marking the first arrivals of oil from the Arab country to the United States in nearly three years. The imports of the medium sour crude blend started entering the […]
Oman says it will cut oil production to stabilize prices if others will
Oman is largest non-OPEC oil producer in Middle East This week Oman became the first major non-OPEC oil producer to state its willingness to cut oil production by up to 10 per cent in coordination with other countries in an effort to stabilize the oil market. Oman is the largest producer of crude oil (including condensate) in the Middle […]
Low oil prices force Bahrain, Oman to reduce gas subsidies
Oil prices at lowest level since 2003 MANAMA, Bahrain _ Bahrain and Oman are reducing government subsidies on gasoline, becoming the latest Gulf Arab countries to try to cut back on spending and offset the effect of oil prices, which have fallen to their lowest level since 2003. On Tuesday, gas prices at the pump […]
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