MUSCAT – According to preliminary data released by the National Centre for Statistics and Information (NCSI), the average oil price fell by 12.1 percent to $71 per barrel by the end of December 2025, down from $80.8 per barrel recorded during the corresponding period of the previous year.
In contrast, average daily oil production saw a marginal increase of 0.9 percent, reaching 1.002 million barrels per day by the end of December 2025, compared to 992,600 barrels per day in the same period of 2024.
Overall oil production in the Sultanate rose by 0.7 percent to 365,754,400 barrels by the end of December 2025, up from 363,288,500 barrels recorded during the same period last year.
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