The latest developments in the Middle East have pushed oil higher again, reintroducing some of the “war trades” that had faded in recent weeks. Markets are still being driven by a tug-of-war between strong fundamentals and rising macro risk, but the tone has become more cautious over the past 24 hours, said an expert.
Oman Petroleum & Energy Show (OPES) 2026 and Oman Sustainability Week (OSW) 2026 concluded a high-impact three-day run at the Oman Convention and Exhibition Centre, reinforcing Oman’s growing role as a regional hub for energy transition, sustainability, and industrial innovation.
Sustainability Forum Middle East (SFME),, with Tabreed Bahrain and Boston Consulting Group, will host a June 3 roundtable in Bahrain on advancing energy efficiency under the Kingdom’s National Energy Strategy.
Al Baraka Oil Services has signed a strategic agreement with Intilft during Oman Sustainability Week to invest in innovation, research, and development, combining operational expertise and manufacturing capabilities to develop technologies that enhance industrial efficiency and support cross-sector innovation.
Oman’s Ministry of Energy and Minerals signed two agreements to improve energy efficiency in government buildings under its net-zero programme. It also expanded the “Meezan” platform through partnerships with national companies and institutions.
AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, has signed a partnership agreement with Borouge, a leading petrochemical company, to explore expanded collaboration opportunities aimed at enhancing export resilience and operational flexibility.
The International Atomic Energy Agency (IAEA), affiliated with the United Nations (UN), is closely monitoring the situation at the Barakah Nuclear Energy Plant in Abu Dhabi through continuous coordination with the relevant UAE authorities, while expressing its full readiness to provide assistance if needed.
The Italian Pavilion at Oman Sustainability Week 2026 signed an energy partnership to develop a 150 MW hyperscale AI data centre in Oman, integrating renewable energy, enhancing efficiency and supporting low-carbon digital infrastructure aligned with Oman Vision 2040.
Abraj Energy Services signed strategic agreements during OPES 2026, including a five-year contract with OQ EP, partnerships with Petrogas Rima, Petrogas Rima and Imdad Energy, supporting operational sustainability, clean energy adoption, local content development and Oman’s energy sector goals.
OQ Group’s 2026 Sustainability Report highlighted progress in renewable energy, emissions reduction and local value creation, including over 2,000MW renewable capacity, achievement of 2025 emissions targets, automated emissions tracking systems and a 24 per cent increase in local value retained in Oman.
