The movement of global oil markets in July witnessed a significant increase in the oil prices compared to that in June, with an average price of US crude oil in the New York Stock Exchange at $87.96 a barrel, a rise of $5.38 compared to the trading in June.
The total crude oil exports of the non-OPEC nation reached 133.6 million barrels in the first six months of this year; all of which was shipped to Asia, with China being the biggest customer. Country exported 131.2 million barrels of crude in January to July last year.
The amount of crude oil exported abroad in July stood at 22,419,767 barrels, at a daily rate of 723,218 barrels.
The Asian markets imported the largest proportion of Omani oil with China topping the list of importers during July by 41% followed by Japan 14% of the total exports.
Country's crude oil and condensate production advanced in June this year while its average daily production rose above the 900,000 barrels mark, on track for the country's target to achieve 915,000 barrels per day (bpd) of output this year.
In the first six months of this year, average production was at 902,000 bpd, compared with 878,800 bpd in the same period last year.
The movement of global oil markets in July witnessed a significant increase in the oil prices compared to that in June, with an average price of US crude oil in the New York Stock Exchange at $87.96 a barrel, a rise of $5.38 compared to the trading in June.
The average price of North Sea (Brent) stood at $102.57, a rise of $6.80 compared to that in June.
Global crude oil prices in July gained owing to fears of disruption in Norwegian oil production after the failure of talks with trade unions. Recent problems in the North Sea supplies and continued concerns over Iran, in addition to heightened tensions in the Middle East have been instrumental in creating a bullish trend.
The total crude oil exports of the non-OPEC nation reached 133.6 million barrels in the first six months of this year; all of which was shipped to Asia, with China being the biggest customer. Country exported 131.2 million barrels of crude in January to July last year.
The amount of crude oil exported abroad in July stood at 22,419,767 barrels, at a daily rate of 723,218 barrels.
The Asian markets imported the largest proportion of Omani oil with China topping the list of importers during July by 41% followed by Japan 14% of the total exports.
Country's crude oil and condensate production advanced in June this year while its average daily production rose above the 900,000 barrels mark, on track for the country's target to achieve 915,000 barrels per day (bpd) of output this year.
In the first six months of this year, average production was at 902,000 bpd, compared with 878,800 bpd in the same period last year.
The movement of global oil markets in July witnessed a significant increase in the oil prices compared to that in June, with an average price of US crude oil in the New York Stock Exchange at $87.96 a barrel, a rise of $5.38 compared to the trading in June.
The average price of North Sea (Brent) stood at $102.57, a rise of $6.80 compared to that in June.
Global crude oil prices in July gained owing to fears of disruption in Norwegian oil production after the failure of talks with trade unions. Recent problems in the North Sea supplies and continued concerns over Iran, in addition to heightened tensions in the Middle East have been instrumental in creating a bullish trend.
