Oman’s crude oil production increases in June – ZAWYA

Oman’s crude oil production increases in June – ZAWYA

oman's crude oil production increases in june china's imports have increased dramatically by 6.77% m-o-m, compared with may 2020    muscat: the sultanate's average daily production of crude oil in june 2020 has reached 683,625 barrels, according to the monthly report by ministry of oil and gas.the june daily oil production average has surged by 2.40 per cent m-o-m compared with may 2020 daily production average. furthermore, the average daily exported quantities of oman blend crude oil was 899,412 barrels, up by 22 per cent compared with last month.during june, out of the total oman export blend, china's imports have increased dramatically by 6.77 per cent m-o-m, compared with may 2020.oil prices for all reference crude oil grades around the world have experienced a bullish trend during the trading days of june 2020 -for august 2020 delivery- compared with the trading of may 2020. the average price of west texas intermediate crude oil at the new york mercantile exchange (nymex) settled at $38.49 per barrel, an increase of $9.33 only. whereas the average price of north sea oil (brent) at the intercontinental exchange (ice) in london averaged $40.77 per barrel, a rise by $8.36 only compared with trading during june