24 Hrs
Source:
الرؤية
Oil drops to two-week low
The article discusses the decline in oil prices by more than 4% in less than two weeks, with prices reaching their lowest level in over two weeks amid fears of a repeat supply shortage. It also highlights that Zoya Real Estate Development Company achieved the milestone of selling 100% of the Eleanor project. Oil prices rose to their highest level in three weeks due to market concerns over potential supply reductions. Additionally, Oman’s oil production at the end of July was reported to be approximately 233.8 million barrels, an 11.3% increase in daily average production. The article further examines the outcomes of the Omani-Iranian negotiations regarding the Strait of Hormuz, investment trends, and the impact of sanctions on the investment environment, along with other local events such as the death of an Omani poetess and various reactions to recent incidents and occurrences.
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