Oman has cut deeper than pledged production cuts, but ongoing development plans mean that output is set to soar in the second half of the year.

Oman more than-adhered to its oil production cut pledge in January, but refinery maintenance means that exports rose regardless. Producing companies are boosting production capacity, but, so long as Oman complies with the pledge made to Opec on 10 December to cap first half 2017 output at 970,094 b/d, its full year 1mn b/d target will be difficult...