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Search Result for “Oman”

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BUSINESS

Asian shares steady after earlier tech-led sell-off

Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 07/02/2026

» RECAP: Asian equities regained some stability on Friday after early losses, indicating that selling pressure may be easing following a tech rout that battered Wall Street for three days amid unease about an AI bubble.

BUSINESS

Minor sees opportunity to focus on quality over quantity

Business, Molpasorn Shoowong, Published on 05/01/2026

» Thailand's tourism this year should continue to be resilient and adaptable, which are among its greatest strengths, although arrivals in 2025 dipped from 2024, says Minor International.

BUSINESS

Global crude oil prices pressured by oversupply

Published on 22/12/2025

» Crude oil prices in the global market declined amid expectations of a supply surplus, with ICE Brent crude between October 1 - December 16, 2025 falling by $4.7 per barrel from the previous quarter to average $63.4 per barrel. The decline followed increased global supply, driven by eight OPEC+ members — Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman — collectively raising production from April–December 2025 by almost 3 million barrels per day, unwinding their voluntary cuts to defend market share. Additional supply growth from non-OPEC+ producers such as the United States, Brazil, Canada and Guyana further contributed to the imbalance.

BUSINESS

Thailand slips in digital competitiveness index

Suchit Leesa-nguansuk, Published on 07/11/2025

» Thailand has slipped one spot to 38th out of 69 economies in the World Digital Competitiveness Ranking 2025 by the International Institute for Management Development (IMD), attributed to a slide in the country’s technology ranking from 23rd to 29th.

BUSINESS

PTT touts natural gas as a mainstay

Business, Published on 29/09/2025

» PTT Plc has geared up its natural gas business, reaffirming its strategy to capture global energy trends that position the fuel as the cornerstone of the global system over the next 2-3 decades.

BUSINESS

The Power of Power: 40 Years of PTTEP - Energy for the Nation and the Thai Populace

Published on 25/09/2025

» Energy is an indispensable part of life—essential for electricity generation, driving the economy, and enabling national development across various sectors. But where does Thailand’s energy come from, especially petroleum? And how did the journey toward energy self-reliance begin?

BUSINESS

Thailand set for record plunge in annual power output, LNG imports

Reuters, Published on 23/09/2025

» SINGAPORE - Thailand is set for a record decline in electricity output this year as mild weather and a slowing economy are reducing demand, government data shows, putting Southeast Asia's top LNG importer on track for its steepest decline in purchases of the fuel.

BUSINESS

Wars and Geopolitical Tensions Drive Global Oil Prices Higher 

Published on 19/09/2025

» Global crude oil prices have edged higher in recent months as prolonged wars and geopolitical tensions continue to disrupt energy supplies. Between July 1 and September 15, 2025, ICE Brent crude rose by US$1.51 per barrel from the previous quarter, averaging US$68.16 per barrel. The increase was driven mainly by the escalating war between Russia and Ukraine. Although US President Donald Trump and Russian President Vladimir Putin met in Alaska on August 15 to discuss a peace deal and ceasefire, the summit ended without agreement, and both sides continued retaliatory strikes. 

BUSINESS

Key Opec+ members boost oil production

AFP, Published on 07/09/2025

» LONDON — Eight key members of the Organisation of the Petroleum Exporting Countries Plus (Opec+) alliance said Sunday they have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of crude sales.

BUSINESS

TAT sees hope in winter flight prospects

Business, Molpasorn Shoowong, Published on 05/08/2025

» The 1-million target set for the Middle East and African markets this year remains challenging due to geopolitical conflicts, but Thailand still has opportunities from new flight openings this winter, according to the Tourism Authority of Thailand (TAT).