ZAWYA: Oman’s oil output rises 12.3% to 305mln barrels in Jan-Sept
Bullish strength: 65/100
- Oil production increased 12.3% year over year to 305.14 million barrels.
- Average crude prices rose 14.7%, while oil and gas export value increased 23.9%.
Bearish strength: 35/100
- Oil export volumes grew only 2.5%, lagging production growth.
- Oman crude’s monthly average price declined to $76.40 in September from $102 in July.
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