US EditionOil profit fall at Oman's OQ suggests bigger decline in Q2
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Oil profit fall at Oman's OQ suggests bigger decline in Q2
Net profits down by 9% Impact of global uncertainty Oil price will affect Q2 Oman’s state-owned energy group OQ, which produces about a quarter of the country’s oil, reported a decline in first-quarter profit on the back of a fall in the price of crude. Net profit in the three months to March 31 fell 9 percent to $194 million over the same period last year, the company said in a statement. “During this period, growing concern about the global ec…
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