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January 4, 2026 5:32 PM

Oman launches $29.77 billion budget, targets 4 percent growth

Oman has approved a $29.77 billion general state budget for 2026, projecting public expenditure of about $31.15 billion and setting a target of around 4 percent economic growth, as the sultanate continues to diversify from its reliance on oil. The bu...

January 4, 2026 5:26 PM

OPEC+ to keep oil output steady despite turmoil

OPEC+ has agreed in principle to maintain steady oil output despite rising political tensions among key members and widening geopolitical uncertainty. The eight participating countries, Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuw...

October 5, 2025 5:11 PM

OPEC+ agrees modest oil output hike from November, sources say

OPEC+ will raise oil output from November by 137,000 barrels per day (bpd), the same fairly modest increase as in October, three people close to the matter said on Sunday. The group comprising the Organization of the Petroleum Exporting Countries pl...

July 7, 2025 1:12 PM

Oil tumbles as OPEC+ hikes August output more than expected

Oil prices slipped on Monday after OPEC+ surprised markets by hiking output more than expected in August, while uncertainty over U.S. tariffs and their potential impact on global economic growth weighed on demand expectations. Brent crude futures LC...

December 2, 2024 10:26 AM

World Court to open climate change hearings

The United Nations' top court on Monday starts hearings on the legal obligation of countries to fight climate change and the consequences for states of contributing to global warming, the outcome of which could influence litigation worldwide. Vanuat...

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