Oman budget swings into $930 mln surplus.

Oman's budget recorded a surplus of 357 million rials ($929.7 million) by the end of the first quarter, boosted by a more than 70 percent rise in oil revenue as output and prices surged, finance ministry data showed. That compared with a deficit of 751 million rials in the same period a year earlier, the ministry's monthly bulletin showed. Gulf oil producers have benefited from the sharp rise in oil prices, which surged past $100 a barrel after Russia's invasion of Ukraine in late February exacerbated concerns about disruptions to global energy supply. The surplus would be spent on measures to support economic recovery, on development projects and on lowering...