UAE reported an 80% surge in oil production to OPEC, reaching 3.8 million barrels daily in June after leaving quotas. This supply increase created a surplus in Asia, prompting Saudi Arabia to offer ra
The IEA reported UAE crude production hit a record 4.1 million barrels per day in June following its OPEC exit. This surge, aided by expanded shipping capacity amidst regional conflict, has shifted gl
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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