Crude oil production in Oman edged up by 1.57% at 29.83mn barrels in April this year, equivalent to 994,303 barrels per day (bpd), the Times of Oman reported.
The Sultanate’s crude oil exports touched 26.99mn in April – an average of 899,637bpd, recording a fall of 2.86% compared with March 2016 exports, according to the Ministry of Oil and Gas.
China’s imports of Omani oil have recorded a 4.16% drop, against March 2016 export volume.
However, Taiwan, India and the United States have increased their imports from Oman last month, rising import volumes by 4.53%, 4.43% and 1.11%, respectively, over March.
In April, the Philippines imported nearly 2% of the total export volumes of Oman Crude, which indicates continuous demand for Omani oil.
The import volume of Oman Crude by Japan and South Korea has dropped in varying degrees.
New Zealand has returned to the list of countries importing Oman Crude, by importing 1.48% of total exports of Oman Crude.
Crude oil prices witnessed a reference around the world crude increased significantly during April 2016 of continuing on the same rate of increase of March 2016.
Oman Crude rate has also increased in the Dubai Mercantile Exchange futures market for more than 8% compared with last month. Omani oil average price for delivery in June 2016 stood at $39.40 a barrel, up by $3.06 compared to the price of delivery in May 2016.
