According to the IEA, what is the projected daily oil production for the UAE in 2027, and how does it compare to current levels?

According to the IEA, the UAE's daily oil production may exceed 5 million barrels next year (2027), reaching 5.2 million barrels per day — an increase of 730,000 barrels per day compared to the current level. The body states that IEA data shows UAE oil production has already risen to 2.8 million barrels per day, though this remains about 835,000 barrels per day below pre-Middle East conflict levels.

What strategic rationale did the UAE give for withdrawing from OPEC, and how is it translating into investment and capacity plans?

The UAE explained its withdrawal from OPEC was aimed at prioritizing capacity expansion and maximizing the value of its resources by freeing itself from production quotas. This strategy is being implemented through major investments: Abu Dhabi National Oil Company (ADNOC) announced $50 billion in projects to be ordered between now and 2028, and plans total equipment investments of $150 billion from now through 2030. UAE Energy Minister Suhail Al Mazrouei stated the country could raise capacity to up to 6 million barrels per day if market demand requires it, though he emphasized this is not an official target.

IEA: UAE Daily Oil Production May Exceed 5 Million Barrels Next Year

Jun 24, 2026

The IEA forecasts UAE oil production could reach 5.2 million barrels per day next year following its exit from OPEC, driven by significant capital investments from Abu Dhabi National Oil Company.

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IEA: UAE Daily Oil Production May Exceed 5 Million Barrels Next Year

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