Oman’s Oil Exports Surpass 126 Million Barrels: Key Insights for Investors and Business Owners
MUSCAT: By the end of May 2025, Oman’s total oil exports reached approximately 126,056,900 barrels, reflecting a 2.3% decline compared to the 128,991,500 barrels recorded during the same period in 2024.
Preliminary statistics from the National Centre for Statistics and Information revealed that the average price of crude oil also experienced a decrease, falling by 6.9% to $75.2 per barrel by the end of May 2025, compared to $80.8 per barrel the previous year.
Additionally, the data indicated that average daily oil production dropped to 987,600 barrels per day by the close of last May, down from 996,100 barrels per day in May 2024. Overall, Oman’s total oil production declined by 1.5%, totaling 149,133,700 barrels by the end of May 2025, compared to 151,401,200 barrels during the same period in 2024. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
Oman’s declining oil exports and production signal a potential risk for businesses reliant on the oil sector, indicating a need for diversification strategies. With oil prices also experiencing a significant dip, smart investors should consider exploring renewable energy and sustainable industries as viable alternatives to safeguard against future volatility in the oil market. This scenario creates both challenges and opportunities; adaptability will be key for entrepreneurs looking to thrive in the evolving economic landscape of Oman.
