OQ Exploration and Production (OQEP) anticipates a sharp increase in revenues in Q2 2026, driven by record oil prices. The official selling price for Oman Crude rose by 57% to $98.98 per barrel, benefiting OQEP as it capitalizes on the shortage of similar crude grades due to the closure of the Strait of Hormuz. This revenue boost supports OQEP's goal of reaching 300,000 barrels of oil equivalent per day by 2030.
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