Oman’s daily oil production touches 955500 barrels in February 2020 – Times of Oman

Oman’s daily oil production touches 955500 barrels in February 2020 – Times of Oman

Muscat: Oman's daily production of crude oil and condensates stood at 955,500 barrels during February 2020, with a decline by 0.29 per cent compared to the daily production during January 2020, according the monthly report issued by the Ministry of Oil and Gas.. The report said that the daily exported quantities of crude oil stood at 781,106 barrels, a decrease by 0.07 per cent compared to the daily export rate during January 2020.Crude imports by China rose by 2.48 per cent during February 2020 to reach 89.73 per cent of the total Omani crude oil exports compared to January 2020.The crude oil prices dropped during February 2020 futures settlement trading (April Delivery 2020), compared to January 2020 for the major crude oil benchmarks around the world.. The drop in crude oil prices during February 2020 trading is attributed to several factors that directly and negatively impacted prices..