Geographic Feature: Oman

Friday, August 28, 2026. OMAN ENERGY PROFILE: Oman's oil and natural gas production showed notable growth in first half of 2026, driven by higher output, stable exports, and project developments. OIL PRODUCTION: H1 2026 (Jan–Jun) Total oil production reached 198.01 million barrels, up 10.6% YoY from 179.05 million barrels in H1 2025. Average daily oil production in H1 2026 Nearly 1.1 million barrels per day (bpd), up more than 10% from 989,200 bpd in H1 2025; peak monthly average was 1.172 million bpd in May. First five months of 2026 (Jan–May) Total oil production of 163.6 million barrels, up 9.7% YoY; average daily output ~1.08 million bpd (vs. 987,600 bpd prior year). April 2026 Crude oil production at 1,071,000 bbl/d (up from 1,053,000 bbl/d in March). End-2025 baseline Daily production exceeded 1 million bpd by December 2025; full-year 2025 production up 0.9% YoY, with average Omani crude price at USD 71/barrel. Longer-term targets/plans Aims to boost oil production by over 20% by 2026, targeting around 1.2 million bpd (via field development and EOR projects). Context Production increases occurred as OPEC+ quotas were lifted or adjusted; some earlier OPEC+ references noted lower compliance levels (e.g., ~821,000 bpd in specific months), but actual output exceeded these. NATURAL GAS PRODUCTION: H1 2026 Natural gas production reached 29.54 billion cubic meters (bcm), up 6.7% YoY, continuing strong upward trajectory. First four months of 2026 (Jan–Apr) Output at 18.77 bcm, up 4.6% YoY. Full-year 2025 baseline Local natural gas production plus imports totaled 57.05 bcm, up 0.9% YoY; industrial consumption rose 11.9%, power generation 2.6%, oilfields 8.6%. January 2026 note January 2026 saw 3.2% YoY decline to 4.455 bcm (including imports), but growth resumed in subsequent months. BROADER ENERGY/OIL & GAS SECTOR CONTEXT: Block 61 gas project Supplies ~1.2 billion cubic feet per day (bcf/d), targeting 1.5 bcf/d by 2026 (Phase 2/3 expansions support LNG and domestic use). Market growth Oman oil and gas market size projected to rise from ~USD 5.85 billion in 2025 to USD 6.01 billion in 2026. Global demand backdrop OPEC forecasts global oil demand growth of 1.4 million bpd in 2026, supporting producer output increases. THE READ: Oman oil production H1 2026 reached 198.01M barrels, up 10.6% YoY from 179.05M barrels H1 2025; average daily oil production H1 2026 nearly 1.1M bpd, up more than 10% from 989,200 bpd H1 2025, peak monthly average 1.172M bpd May; first five months 2026 total oil production 163.6M barrels, up 9.7% YoY, average daily output ~1.08M bpd vs. 987,600 bpd prior year; April 2026 crude oil production 1,071,000 bbl/d, up from 1,053,000 bbl/d March; end-2025 baseline daily production exceeded 1M bpd December 2025, full-year 2025 production up 0.9% YoY, average Omani crude price USD 71/barrel; longer-term targets aims boost oil production over 20% 2026, targeting around 1.2M bpd via field development and EOR projects; production increases occurred OPEC+ quotas lifted or adjusted, some earlier OPEC+ references noted lower compliance levels ~821,000 bpd specific months, but actual output exceeded these; natural gas production H1 2026 reached 29.54 bcm, up 6.7% YoY, continuing strong upward trajectory; first four months 2026 January to April output 18.77 bcm, up 4.6% YoY; full-year 2025 baseline local natural gas production plus imports totaled 57.05 bcm, up 0.9% YoY, industrial consumption rose 11.9%, power generation 2.6%, oilfields 8.6%; January 2026 note January 2026 saw 3.2% YoY decline 4.455 bcm including imports, but growth resumed subsequent months; Block 61 gas project supplies ~1.2 bcf/d, targeting 1.5 bcf/d 2026, phase 2/3 expansions support LNG and domestic use; market growth Oman oil and gas market size projected rise ~USD 5.85B 2025 to USD 6.01B 2026; global demand backdrop OPEC forecasts global oil demand growth 1.4M bpd 2026, supporting producer output increases. Capital preservation first. Trade the data, not the headlines.