Key Market Indicators
Oman's energy consumption is projected to reach 1.7 exajoules by 2026, up 2.3% from 1.5 exajoules in 2021. Since 1972, the demand for energy in Oman has been increasing at an average rate of 4.4% per year. In 2021, the country was ranked 48th in the world, with Austria overtaking it with 1.5 exajoules. The US, India and Russia respectively held the top three spots in the ranking. Oman's energy supply is forecast to reach 25.98 million tonnes of oil equivalent by 2026, up 1.1% from 23.98 million tonnes in 2021. Since 1976, the country's energy supply has been decreasing at an average rate of 0.4% per year. In 2021, it was ranked 58th in the world, with Belarus overtaking it with 23.98 million tonnes. The US, India and Russia respectively held the top three positions in the ranking.
