Total production and imports of natural gas in the Sultanate of Oman increased by 5.3 percent to 27.58 billion cubic metres by the end of June 2024 compared to 26.19 billion cubic metres during the same period in 2023. Statistics issued by the National Centre for Statistics and Information (NCSI) …
Read More »India’s Russian Crude Imports Prevented Price Surge in Global Oil Market
In the face of international scrutiny, India has staunchly defended its substantial purchases of Russian crude oil since the onset of the Ukraine war. A recent report from a parliamentary panel highlighted that all import deals were executed within the scope of Western sanctions imposed on Moscow for its involvement …
Read More »India to soon Overtake China as Largest Oil Demand Driver
India will soon overtake China as the largest driver of global oil demand, International Energy Agency (IEA) chief Fatih Birol said on Wednesday, according to Reuters. Birol made this statement during a G20 event in New Delhi, emphasizing the “rapid growth of electrification in cars and buses in China as …
Read More »IEA: Global Energy Efficiency Investments Need to Triple by 2030
Annual investments in improving energy efficiency must triple by 2030 in order for the world to remain able to keep global warming below 1.5 degrees Celsius, the International Energy Agency (IEA) said on Wednesday. Driven by spending on buildings and strong electric vehicle sales, global energy efficiency investment reached a …
Read More »Oman is Now the Largest Exporter of Natural Gas in Arab World
The Sultanate of Oman is the second largest exporter of natural gas in the Arab world, said the Organisation of Arab Petroleum Exporting Countries, OAPEC. A report issued by the Organisation of Arab Petroleum Exporting Countries “OAPEC” confirmed today in Kuwait that the Sultanate of Oman’s total exports of liquefied …
Read More »Oman’s Total Oil Exports Rise by 16.2% till the End of June 2022
Oman’s total oil exports saw an increase of 16.2 percent untill the end of June 2022 according to the latest statistics of the National Centre for Statistics and Information (NCSI). The report said that China topped the list of the Sultanate’s oil importing countries till the end of June 2022 …
Read More »US Urges Oil, Gas Producers, OPEC to Increase Output
The United States is calling on all oil and gas producers, including the OPEC club of the largest oil exporters, to increase their output to rein in soaring gasoline prices, the US secretary of energy said on Sunday. “President Joe Biden has asked for all suppliers around the globe to …
Read More »Production of Crude Oil, Condensates Surpass 60mn Barrels in Oman
The Sultanate of Oman’s production of crude oil and condensates recorded an increase of 8.2 per cent by the end of February 2022 to reach 60,929,200 barrels compared to 56,300,900 barrels by the end of February 2021, according to the latest data issued by the National Centre for Statistics and …
Read More »Oil Prices Tumble more than 6%, End below $100 per Barrel
Oil prices tumbled more than 6 per cent, adding to Monday’s drop of more than 5 per cent, as both the New York- and London-traded benchmarks settled below the key USD 100 per barrel mark for the first time since the start of Russia’s “special military operation” in Ukraine. Crude …
Read More »BP Announces Significant Increase in Production Volume
BP company has announced the increase in production volume in the concession area, Block 61, from one billion cubic feet per day to one and a half billion cubic feet per day. A statement issued online by Oman News Agency (ONA), said: “BP company raised the volume of production in …
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