MUSCAT – Preliminary statistics released by the National Centre for Statistics and Information indicate that the average price of crude oil decreased by 6.9 percent to reach $75.2 per barrel by the end of May 2025, compared to $80.8 per barrel during the same period last year.
Average daily oil production fell to 987,600 barrels per day by the end of May this year, compared to 996,100 barrels per day during the same period in 2024.
Statistics also showed that Oman’s overall oil production declined by 1.5 percent, reaching 149,133,700 barrels by the end of May 2025, compared to 151,401,200 barrels during the same period in 2024.
Read More
- Oman signs 28 investment deals worth more than RO 304 million
- Gold prices edge higher as markets await US Federal Reserve decision
- Bank Muscat showcases its banking solutions at “Happy City Journey” as part of Urban October 2026
- Oman’s Phaze Ventures launches two funds targeting over $75 million for AI and deep tech
- Italy celebrates World Pasta Day 2026 in Muscat with B2B event promoting Italian Pasta and Agri-Food Excellence
