Oman oil production jumps 12.3% as exports reach 235.84 million barrels

Summary

• Oman's crude exports rose 2.5% through September 2026 to 235.84 million barrels.
• Production climbed 12.3% to 305.14 million barrels, averaging 1.12 million barrels a day.
• Higher volumes and a 14.7% stronger average price lift Oman's oil earnings base.

The latest

Oman pumped 305.14 million barrels of crude through the end of September 2026, a 12.3% increase on the same period a year earlier, according to the monthly statistical bulletin issued by the National Centre for Statistics and Information. Exports rose more modestly, up 2.5% to 235.84 million barrels. The average price of Omani crude gained 14.7% over the nine months.

Details

• The exports: Total crude exports reached roughly 235.84 million barrels through the end of September 2026, against 230.18 million barrels in the same period of 2025, according to the National Centre for Statistics and Information. That is a gain of about 5.66 million barrels, or 2.5%, well below the pace at which output itself expanded.
• The production: Output totalled 305.14 million barrels through September, up from 271.70 million barrels a year earlier, the bulletin said. The 12.3% increase amounts to an additional 33.44 million barrels, making production the fastest-moving line in the nine-month data set.
• Daily average: Average daily production rose by the same 12.3% margin, reaching 1.12 million barrels per day against 995,200 barrels per day through the end of September 2025. The year-earlier figure sat below the one-million-barrel mark, a threshold the current average has cleared.
• The price: The average price of Omani crude rose 14.7% to 82.6 dollars per barrel through the end of September 2026, compared with 72 dollars per barrel in the same period of 2025. Price growth outpaced both export and production growth over the nine months.
• September monthly: Monthly output in September 2026 came in at about 35.12 million barrels, down from 36.22 million barrels in August 2026, according to the bulletin. The month-on-month decline of roughly 1.1 million barrels interrupts the broader upward nine-month trend.
• Daily rate steady: Despite the lower monthly total, the average daily production rate held at 1.17 million barrels in September 2026, unchanged from August 2026. Both monthly daily rates sit above the 1.12 million barrel nine-month average, pointing to stronger output later in the period.
• Price retreat: The average price slipped to 76.4 dollars per barrel in September 2026 from 79.1 dollars in August 2026, a drop of 2.7 dollars. The September level also runs 6.2 dollars below the 82.6 dollar average recorded across the first nine months.
• Not disclosed: The bulletin does not give the value of exports in rials or dollars, does not identify export destinations, and offers no explanation for the increase in production. It confines itself to volumes, daily averages and price levels.

Background

Oman is not an OPEC member but participates in the wider OPEC+ framework of output coordination. The National Centre for Statistics and Information publishes the monthly statistical bulletin, the official reference for the sultanate's production, export and pricing data.

Between the lines

Production grew 12.3% while exports grew only 2.5%, meaning the bulk of the additional 33.44 million barrels did not leave the country as crude through September. The bulletin does not account for that gap. Separately, the combination of higher volumes and a 14.7% stronger average price points to a larger oil revenue base than a year earlier, even as September's 76.4 dollar price came in below the nine-month average.

What's next

The next monthly bulletin from the National Centre for Statistics and Information will show whether October output recovered from September's 35.12 million barrels, and whether the price slide below 79.1 dollars per barrel continued.

Source: Oman News Agency (ONA), National Centre for Statistics and Information