Muscat: The Sultanate’s average daily production of crude oil during September 2020 has reached 718,700 barrels, the monthly report published by the Ministry of Energy and Minerals has indicated. The daily average of September oil production has dropped by 0.18 per cent month-over-month (m-o-m) compared with August 2020 daily average production. Furthermore, the per day average exported quantities of Oman Blend crude oil reported as 736,165 barrels, dropped by 1.21 per cent compared with last month.Out of the total Oman Export Blend, China’s imports has climbed by 1.90 per cent m-o-m, compared to August 2020. Similarly, India’s import percentage has surged by 7.4 per cent m-o-m, however, Japan’s share has fallen slightly. Oil prices for all reference crude oil grades around the world have experienced a bullish trend during the ...read more...
SourceTimes of Oman
SectorOil & Gas