Topic
oil supply
Mideast Stocks: Most Gulf markets gain as oil-supply worries ease, Fed hike bets recede
Major equity indices across the Middle East climbed higher as improving regional energy shipments and retreating expectations of an immediate US interest rate hike boosted confidence.
US Energy Secretary Wright Says Hormuz Oil Flow Near 13 Million Barrels Day
US Energy Secretary Chris Wright announced that oil shipments through the Strait of Hormuz are averaging nearly 13 million barrels per day despite regional conflict.