Muscat:

The Sultanate of Oman’s production of crude oil and condensates recorded an increase of 9.4 per cent by the end of May 2022 to reach 157,462,200 barrels compared to May 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

Separately, crude oil production saw a rise of 12.9 per cent by the end of May 2022, while condensates production declined by 2.4 per cent.

The total average price for crude Oman oil recorded a surge of 46 per cent to reach $80 per barrel compared to $54.8 per barrel in 2021.

The total exports of Oman’s crude oil and condensates went up by 16.3 per cent by the end of May 2022 compared to the same period of the previous year.

Oman’s oil exports to Japan recorded a growth of 399.9 per cent to reach 5,008,400 barrels by the end of May 2022 compared to 1,001,900 barrels during the same period in 2021. Oman’s oil exports to India recorded a rise of 65 per cent during the same period.
The Sultanate of Oman’s production of natural gas (including imports) increased by 1.5 per cent by the end of May 2022 to reach 20.401 million cubic meters compared to 20.106 million cubic meters by the end of May 2021.

The consumption of gas recorded a rise in industrial areas by 14.6 per cent, industrial projects by 6.3 per cent and electricity power plants by 0.7 per cent. Meanwhile, consumption of gas in oil fields by the end of May 2022 recorded a decline of 9.8 per cent compared to the same period in 2021.

you can download the graph which is reported by fred.stlouisfed.org