Oman’s crude oil production grew by 0.72% to 29.40 million barrels in February, which was equivalent to 1,013,713 barrels per day, according to the monthly statistics released by the Ministry of Oil and Gas. In February, 28.8 million barrels (or 993,266 barrels per day) were exported, which is up 12.7 per cent over January 2016 figures. Omani oil, on the other hand, suffered a major decline in price at the Dubai Mercantile Exchange where the price for May delivery 2016 was USD30.23 per barrel, which was an increase of USD2.83 compared to March delivery 2016. The price fluctuated between USD31.94 and USD26.83 per barrel. (Times of Oman)