Oman’s crude oil production declines in January

Muscat: Oman’s total crude oil and condensates production in January 2016 declined by 0.05 per cent against December 2015 to touch 31,198,660 barrels, which is equivalent to 1,006,408 barrels per day.
The total crude oil exported in January 2016 stood at 27,327,522 barrels, a daily average of 881,533 barrels, comprising a rise by 6.65 per cent compared to December 2015.
The statistics also pointed out that China topped the list of importers of the Omani oil in January 2016 by 89.36 per cent, comprising a sharp increase of 21.20 per cent compared to December 2015. Taiwan and South Korea imports of the Omani crude oil decreased by 6.30 per cent and 3.91 per cent respectively compared to December 2015.
With regard to the movement of oil markets in January 2016, the average oil price of American West Texas in New York Mercantile Exchange reached $32 and 51 cents a barrel, a decline by ($5) and (77) cents compared to trading of December 2015.
The average Brent InterContinental in London reached $32 and 4 cents a barrel.