Tuesday 07 / January / 2025
Muscat: The Sultanate of Oman’s oil exports recorded a decrease of 0.4% at the end of November 2024 to reach 282,192,100 barrels compared to the exports reported during corresponding period in 2023 when it was 283,413,300 barrels, according to the data issued by the National Centre for Statistics and Information (NCSI).
The NCSI statistics showed that the production of oil in the Sultanate of Oman fell by 5.1% at the end of November 2024 to reach 332,693,800 barrels compared to 350,538,100 barrels during the corresponding period in 2023.
Crude oil production decreased by 6.5% while the production of condensates remained stable at the end of November 2024 compared to the corresponding period in 2023.
Average oil price increased by 0.1% to reach $81.8 per barrel at the end of November 2024, compared to $81.6 per barrel at the end of November 2023.
Average daily production decreased by 5.4% at the end of November 2024. As far as exports are concerned, Oman’s oil exports to China recorded an increase by 1.5% to reach 264,456,600 barrels at the end of November 2024 compared to 260,636,600 barrels in the same period of 2023.
Oil exports to India increased by 10.6% and that of South Korea increased as well by 51.7%.
