Oman’s oil exports increased modestly during the first eight months of 2026, reaching 209 million barrels, up 1.9 percent from 205 million barrels in the same period of 2025, according to data from the National Centre for Statistics and Information (NCSI). The rise in exports coincided with a more notable increase in oil production, which grew by 11.9 percent to 270 million barrels, compared with 241.4 million barrels last year.
The country’s average daily oil output also rose to approximately 1.1 million barrels per day, marking a 10.9 percent increase from 993,300 barrels per day in the previous year. Monthly production figures showed a steady upward trend, with 36.3 million barrels produced in August, up from 35.8 million barrels in July and 34.4 million barrels in June. Export volumes similarly increased, totaling 27.1 million barrels in August, compared with 26.7 million barrels the previous month and 25.7 million barrels in June.
Despite the overall growth in volume, average oil prices experienced fluctuations. During the January to August period, the average price of Omani crude climbed by 15.5 percent to $83.3 per barrel, up from $72.1 per barrel in the same timeframe in 2025. However, monthly averages revealed a decline in August, with prices falling 22.5 percent to $79.1 per barrel from $102 per barrel in July.
In the natural gas sector, Oman reported a 6.4 percent increase in total domestic production and imports, reaching 40.5 billion cubic meters through the first eight months of 2026, compared to 38.1 billion cubic meters a year earlier. Gas consumption patterns varied across sectors: power generation plants used 11.7 billion cubic meters of gas, a 13.8 percent increase; industrial projects consumed 19.9 billion cubic meters, up 4.9 percent; and oil field consumption rose by 1.5 percent to 8.7 billion cubic meters.
Conversely, gas consumption in industrial zones declined sharply, falling 32.6 percent to 126 million cubic meters from 186.9 million cubic meters during the same period in 2025. This shift highlights changing dynamics in the country’s energy usage, with power generation and industrial projects driving overall demand growth despite reductions in some industrial areas.