Oman Is Desperate For Help As Economy Crumbles

Non-OPEC oil producer Oman has been talking to other countries in the Gulf about potentially receiving financial aid to help its economy and fiscal position which are hit by the low oil prices and the measures to curb the spread of COVID-19, Bloomberg reported on Thursday, quoting officials from the region and a U.S. official with knowledge of the matter. Oman, the top oil exporter from the Gulf that is not a member of OPEC, had already suffered economically even before the oil price crash in early March. A day before oil collapsed, Moody's downgraded its…