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Oman boosts oil and gas output in early 2026
Oman's oil and natural gas production increased during the first half of 2026, driven by higher output, improved prices, and rising demand for gas across economic sectors. Total oil production grew by 10.6% to reach 198.01 million barrels, with the average price rising to $80.9 per barrel, and oil exports increased by 2.4%. The natural gas sector also saw a growth of 6.7%, reaching 29.54 billion cubic meters, supported by higher gas consumption in industries and power plants, while its consumption declined in oil fields and industrial zones. Meanwhile, oil prices surged, with Brent crude approaching $90 per barrel amid escalating international tensions and US strikes on Iran, marking strong monthly gains since March.
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