Average daily production of crude oil increases in Oman

The Oman News Agency has announced that the average daily production quantities of crude oil in the Sultanate in December 2020 increased by 0.23 percent to reach 722,443 barrels compared to the average daily production quantities in November 2020.

According to the statement, the average daily export quantities of crude oil and condensates reached 806,831 barrels, an increase of 3.31 percent compared to November 2020. The average price of Oman’s oil futures on the Dubai Mercantile Exchange saw an increase of 14.1 percent compared to the average price of last November, and next February delivery reached $ 50 per barrel, up by $ 6.17 compared to the current January delivery price.

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