Muscat: The Sultanate of Oman's oil exports recorded a decrease of 0.4% at the end of November 2024, reaching 282,192,100 barrels compared to the exports reported during the same period in 2023, when it was 283,413,300 barrels.
According to Oman News Agency, data from the National Centre for Statistics and Information (NCSI) showed a decline in oil production by 5.1% at the end of November 2024, totaling 332,693,800 barrels compared to 350,538,100 barrels during the corresponding period in 2023.
The NCSI statistics highlighted a 6.5% decrease in crude oil production, while the production of condensates remained stable at the end of November 2024 compared to the same period in 2023. The average oil price saw a slight increase of 0.1%, reaching USD 81.8 per barrel at the end of November 2024, up from USD 81.6 per barrel at the end of November 2023.
Average daily production experienced a reduction of 5.4% at the end of November 2024. In terms of exports, Oman's oil exports to China recorded an increase of 1.5%, reaching 264,456,600 barrels at the end of November 2024, compared to 260,636,600 barrels in the same period of 2023. Additionally, oil exports to India rose by 10.6%, and exports to South Korea increased significantly by 51.7%.
