Muscat: The Sultanate of Oman’s oil exports recorded an increase of 0.1% at the end of September 2024 to reach 230,575,500 barrels compared to the corresponding period in 2023 when it was 230,292,300 barrels, according to the data issued by the National Centre for Statistics and Information (NCSI).

According to Oman News Agency, the production of oil in the Sultanate of Oman decreased by 5.1% at the end of September 2024 to reach 272,411,400 barrels compared to 287,037,500 barrels during the corresponding period in 2023. Crude oil production decreased by 6.7%, while the production of condensates increased by 0.6% at the end of September 2024 compared to the corresponding period in 2023.

Average oil price increased by 3.5% to reach USD 82.6 per barrel at the end of September 2024, compared to USD 79.9 per barrel at the end of September 2023. Daily average production also decreased by 5.1% at the end of September 2024.

As far as exports are concerned, Oman’s oil exports to China recorded an increase by 4.5%
to reach 219,556,900 thousand barrels until the end of September 2024. Oil exports to India decreased by 26.3%, while exports to Korea increased by 31.8%.