Archive

Oil: Piling On The Uncertainties

• ‘Events’ last week added to already significant uncertainties around the oil supply/demand equation. In particular, producers and investors alike would do well to recall James Carville’s quip to the effect that he wanted to be reincarnated as the bond market.

By Alastair Newton

Oman CPI inflation 0.82% y-o-y in Aug-23

- Oman's CPI inflation reached 0.82% year-on-year in August 2023, marking the highest growth since May 2023 and surpassing the previous rate of 0.45%.
- The current inflation is 0.69 percentage points below the one-year average and 1.40 percentage points below the long-run average, signifying subdued inflationary pressure in Oman's economy.

Oman M2 money supply 4.93% y-o-y in Jul-23

- Oman's M2 money supply experienced robust year-on-year growth of 4.93% in July 2023, surpassing the one-year average by 2.34 percentage points.
- Although Oman's total credit showed a 5.14% year-on-year growth in June 2023, it is crucial to examine this figure in conjunction with other economic indicators.

Oman CPI inflation 0.45% y-o-y in Jul-23

- Oman's CPI inflation rate in July 2023 was 0.45% year-on-year, marking the lowest growth since March 2021.
- The current inflation rate is 1.20 percentage points below the one-year average and 1.78 percentage points below the long-run average.