DUBAI: The United Arab Emirates was still grappling on Thursday with the aftermath of a record-breaking storm this week that brought much of the country to a standstill. In Dubai, operations at the airport, a major travel hub, remain disrupted after Tuesday’s storm flooded the runway, resulting in flight diversions, delays and cancellations. The airport … Read more
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil prices edged lower Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent slipped 0.05% to $83.52 a barrel Monday, while U.S. West Texas Intermediate futures traded … Read more
Aerial view of a tanker. Bugto | Moment | Getty Images Iran on Thursday captured an oil tanker previously involved in a Washington-Tehran dispute over carrying U.S.-sanctioned crude, Iranian state media said. The Iranian navy seized the vessel St. Nikolas in the Gulf of Oman, the state-run Islamic Republic News Agency said in a Google-translated … Read more
New Delhi, The negotiations for the proposed free trade agreement (FTA) between India and Oman are moving at a fast pace and the pact is likely to be signed next month, a senior government official said. Officials of the two countries concluded the second round of talks for the pact, officially dubbed as Comprehensive Economic … Read more
