JAKARTA - Oman's natural gas production is still growing until the end of February 2026. However, this increase comes at a time when Oman crude oil prices are weakening. This data shows that energy supply is still maintained, but market pressure has not disappeared.
Citing an Arab News report quoted on Sunday, April 12, data from the National Center for Statistics and Information of Oman reported by the Oman News Agency recorded a total gas production, including imports, reaching 8.77 billion cubic meters by the end of February. The figure was up 1.3 percent from 8.65 billion cubic meters in the same period last year.
The increase was mainly supported by non-associated gas, which is gas produced not together with oil. Its volume increased by 4.3 percent to 6.94 billion cubic meters. On the other hand, associated gas production, which is gas that comes out of the oil production process, fell 8.5 percent to 1.83 billion cubic meters.
In terms of usage, gas consumption for industrial projects rose 6.2 percent to 4.88 billion cubic meters. Gas consumption at power plants also increased 13.2 percent to around 2.26 billion cubic meters.
However, not all needs are rising. Gas consumption in oil fields, including losses, measurement differences, and depreciation factors, fell 20.8 percent to 1.60 billion cubic meters. Gas consumption in industrial areas, including general industrial areas, Oman Mining Co., and Oman Cement, also fell 29.9 percent to 31.6 million cubic meters.
From the oil sector, the volume is actually seen to be stronger. Oman's crude oil exports rose 2.2 percent to 50.31 million barrels by the end of February. Total production also increased 3.8 percent to 60.46 million barrels.
Average daily production rose to around 1.02 million barrels per day, from around 987,000 barrels per day in the same period a year earlier.
Even so, the increase in production and exports has not been able to hold off the price decline. The average price of Oman crude oil fell 13.1 percent to 63.3 US dollars per barrel, from 72.8 US dollars per barrel in the same period in 2025.
Amid ongoing geopolitical tensions in the Middle East, these data show that Oman is still maintaining energy output. But a weaker global market is still putting pressure on prices.
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