Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Oman - Sultanate's Crude Oil And Condensates Production in Q4, 2013  Join our daily free Newsletter

MENAFN - Qatar News Agency - 13/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) The Sultanate's crude oil and condensates production in December 2013 amounted to 29,286,805 barrel, an average of 944,736 barrel a day (bpd), a 1.24% decline in comparison with December 2012.



The monthly report released by the Ministry of Oil and Gas on Sunday also added that the total exported crude oil in December 2013 amounted to 24,856,976 barrel, an average of 801,838 bpd, a 3.29% decline in comparison with previous month, November 201



On the other hand, the trading Oman Crude Oil Future Contract at Dubai Mercantile Exchange (DME Oman) witnessed a fluctuation in price in the same month, as it has been the case with other crude oils due to the above-mentioned factor



Trading averaged between USD 106.23 and USD 109.29 per barrel.



Oman crude Oil official price for February 2014 delivery eventually settled at USD 107.88 barrel a day, comprising a rise by 1.91 cents compared to January 201



It is worth mentioning that China is still topping the list of Omani crude oil importers during December 2013 with 73.86% followed by Japan 10.37% and Thailand, India and Taiwan with 7



As for the movement of the oil markets during December 2013, the average price for American crude oil in New York Mercantile Exchange (NYMEX) amounted to USD 97.89 per barrel, comprising a rise by USD 3.63 compared to the trading of the last month while the North Sea (Brent) basket averaged USD 110.36 per barrel, comprising a rise by 92 cents compared to the trading of last mont



The crude oil prices in world markets have fluctuated during December 2013 trading but were mostly on the upturn compared to the previous mont



This upturn is attributed to U.S government releases about decline in the number of job seekers, which were the lowest in five year - 7% compared to the previous month, the shutdown of the fourth refinery fort Total company in Europe due to labour strike



This shutdown will freeze the production of 700,000 barrels per day, which in turn will increase Europe's imports of oil derivatives from outside the continent

 






  MENA News Headlines
 Jul 30 2014 - Safe haven status boosts investment scope in UAEspanKhaleej Times
(MENAFN - Khaleej Times) E political situation in the region has made Dubai into a magnet for families from across the region to set up home and establish regional or global offices for their ...

 Jul 30 2014 - Tech Mahindra eyes expansion in Saudi ArabiaspanKhaleej Times
(MENAFN - Khaleej Times) Ch Mahindra a specialist provider of connected solutions has announced that it has signed a joint venture agreement with Midad Holding which is a subsidiary of Al Fozan a ...

 Jul 30 2014 - Middle East earns 1 of global market research revenuesspanKhaleej Times
(MENAFN - Khaleej Times) E entire Middle East region earned only a meager one per cent of the global market research revenues which indicates the potential for market research that is prevalent in ...

 Jul 30 2014 - Dewa to show smart initiatives at Gitex 2014spanKhaleej Times
(MENAFN - Khaleej Times) Bai Electricity and Water Authority or Dewa has announced its participation in Gitex 2014 to be held from October 12-16 at the Dubai World Trade Centre.Dewa will showcase its ...

 Jul 30 2014 - Sico first-half net profit jumps 166spanKhaleej Times
(MENAFN - Khaleej Times) Curities & Investment Company or SICO licensed by the Central Bank of Bahrain as a conventional wholesale bank announced its financial results for the second quarter of 2014 ...

 Jul 30 2014 - Taqa Arabia eyes Egypt expansionspanKhaleej Times
(MENAFN - Khaleej Times) Laa Holdings announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa oil marketing company.The company ...

 Jul 30 2014 - Real estate to pick up from next week: Industry expertspanKhaleej Times
(MENAFN - Khaleej Times) Bai Land Department transactions exceeded Dh113b for H1 The real estate market in Dubai is expected to pick-up again from next week after a slowdown during the last couple of ...

 Jul 30 2014 - Memon to hand over five projects in 2014spanKhaleej Times
(MENAFN - Khaleej Times) Mpany working on Dh1.Memon Investments has planned to hand over five projects worth more than Dh600 million in the next five months and is also planning to launch five new ...

 Jul 30 2014 - ADFD funding in underdeveloped countries hit Dh61bspanKhaleej Times
(MENAFN - Khaleej Times) E development finance institution articulates the UAEs continued commitment to support the development process of emerging countries.An exterior view of power plant in ...

 Jul 30 2014 - UK and US preferred by Arab travellers: MarriottspanKhaleej Times
(MENAFN - Khaleej Times) E US takes the lead when it comes to bookings with 20 per cent of all reservations closely followed by the UK which accounts for 16 per cent.Marriott International has ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help