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Omani crude oil output falls 1.26% MoM in January 2020

Omani crude oil output falls 1.26% MoM in January 2020

Mubasher: Oman’s daily production of crude oil and condensates declined by 1.26% month-on-month (MoM) to 958,270 barrels in January 2020, the Oman News Agency reported on Saturday.

The daily exported quantities of crude oil dropped by 17.88% to 756,586 barrels in January, compared to the previous month.

Chinese crude oil imports from Oman grew by 3.2% MoM to reach 85.96% of the GCC country’s total crude oil exports during the first month of the year.

Meanwhile, imports by Japan fell by 4.09% in January 2020 compared to the quantities imported in December 2019.