Oil Exports Surpass 178 Million Barrels: What This Surge Means for Investors and Businesses in Oman
By the end of July 2025, Omani oil exports totaled approximately 178.746 million barrels, representing a slight decrease of 0.2% compared to 179.037 million barrels during the same period in 2024.
Preliminary data from the National Centre for Statistics and Information revealed that the average oil price dropped by 12.1%, falling to $72.5 per barrel by July 2025, down from $82.5 per barrel in the corresponding timeframe last year.
Additionally, average daily oil production experienced a 0.4% decline, averaging 991,100 barrels per day by the end of July 2025, compared to 994,800 barrels daily in 2024. Total oil production for Oman also decreased by 0.8%, reaching 210.122 million barrels versus 211.896 million barrels in the previous year.
— ONA
Special Analysis by Omanet | Navigate Oman’s Market
Oman’s slight decline in oil exports and production combined with a notable 12.1% drop in oil prices signals increasing pressure on oil-dependent revenues. For businesses, this underscores the urgency to diversify and innovate beyond hydrocarbons as market volatility persists. Smart investors should strategically explore emerging sectors in Oman to hedge against oil market fluctuations and capitalize on long-term economic shifts.
