Cointime

Download App
iOS & Android

Oman Official Oil Price Set at $76.36 per Barrel for September Delivery

According to the Oman News Agency: The official oil price in Oman is reported today at $76.36 per barrel for September delivery. (Jin Ten)

Comments

All Comments

Recommended for you

  • US-Iran Standoff Will Ultimately End in Negotiation

    The US military has launched strikes against Iran for five consecutive days, aiming to weaken its attack capabilities in the critical Strait of Hormuz. Trump has threatened to bomb Iranian power plants and bridges next week if an agreement is not reached; Tehran has warned that if the US continues its attacks, the conflict will escalate. Dr. Faramarz Farahani, an international politics lecturer at Cambridge University, stated that the White House will soon have to return to the negotiation table, especially with the US midterm elections approaching. She pointed out that Iran is eager for negotiations, with the door open, and noted that the Iranian economy was already 'quite bad' before the conflict erupted. However, she added that Iran has completely lost trust in the US. From Iran's perspective, the US has once again withdrawn from a memorandum of understanding, similar to Trump's withdrawal from the Iran nuclear deal during his first term. Earlier this year, after launching strikes against Iran in conjunction with Israel, Trump reached a memorandum of understanding with Tehran, in which both sides committed to achieving a permanent ceasefire within 60 days. However, the ceasefire quickly broke down—Iran attacked ships it accused of attempting to pass through the Strait of Hormuz without permission, while the US responded with escalating strikes. Farahani hinted that this war is difficult to sustain. She stated that Iran's economic situation is undoubtedly forcing them to the negotiation table. Similarly, if oil prices, inflation, and fertilizer prices rise, it will also compel the US to return to negotiations. After all, Trump is facing midterm elections, and this issue is crucial for his political legacy, regardless of other factors.
  • NVIDIA CEO Jensen Huang: We Are at the Beginning of a Cycle

    On July 16, NVIDIA (NVDA.US) CEO Jensen Huang stated: We are at the beginning of a cycle.
  • Yue Zhi An Mian to Launch New Model, Challenging Anthropic's Leadership

    On July 16, the Financial Times reported that Chinese AI startup Yue Zhi An Mian is set to launch a new model to challenge Anthropic's leading position. Yue Zhi An Mian plans to release the Kimi K3 in the coming days, with a parameter scale of 2 trillion to 3 trillion, making it the largest AI model in China to date.
  • U.S. Stock Market Storage Sector Continues to Decline Pre-Market, SK Hynix Drops 6%

    On July 16, continuing the downward trend from the previous day, storage sector stocks in the U.S. market collectively fell in pre-market trading. Among them, SK Hynix dropped 6%, SanDisk fell over 5%, Western Digital declined 4%, Seagate Technology decreased by over 3%, and Silicon Motion, Rambus, and Micron Technology all fell by more than 2%.
  • Korean Financial Supervisory Service Official: Thursday's Policy Measures Do Not Target Foreign Brokerages

    Korean Financial Supervisory Service official: Thursday's policy measures do not target foreign brokerages. (Jin Shi)
  • TCL Technology Participates in Changxin Technology IPO Strategic Placement, Allocated Approximately 158 Million Yuan

    On July 16, TCL Technology stated on an interactive platform that the company participated in the strategic placement of Changxin Technology's initial public offering, with an allocated amount of approximately 158 million yuan and a total of 18.2448 million shares allocated.
  • Trump Administration Secures Additional $100 Billion in Semiconductor Manufacturing Investment for TSMC

    U.S. Department of Commerce: The Trump administration has secured an additional $100 billion in semiconductor manufacturing investment for TSMC, bringing the total to $265 billion. (Jin Shi)
  • Double Long Positions in Hynix and Samsung Electronics Plummet Over 20%

    On July 16, stocks in the Hong Kong market related to memory chips experienced a significant decline across the board. Among them, Lanqi Technology fell over 23%, while the double long positions in Hynix and Samsung Electronics dropped more than 20%. Additionally, Zhiyuan Innovation fell over 9%.
  • SK Hynix ADR Falls Over 6% in Pre-Market Trading

    In pre-market trading, SK Hynix ADR (SKHY.O) fell over 6%, while SanDisk (SNDK.O) and Western Digital (WDC.O) both dropped over 4%. (Jin Shi)
  • BTC Falls Below $64,000

    Market data shows that BTC has fallen below $64,000, currently priced at $63,992, with a 24-hour decline of 0.9%. The market is experiencing significant volatility, so please ensure proper risk management.