The UAE, no longer tied by Opec quotas, could push crude production north of 4 million b/d next year.
The UAE is expected to ramp up its crude oil production following an interim agreement between the US and Iran signed last week that extends the ceasefire for 60 days and paves the way for the full resumption of maritime traffic through the Strait of Hormuz.
The IEA projects UAE oil output will reach 5.2 million bpd in 2027, up 730,000 bpd, after the country's OPEC exit and ADNOC's…
Move designed to show the group is ready to raise supplies once Middle East war stops and signals that Opec+ is pressing on with…
When Iran took control of the Strait of Hormuz during the war, it was UAE's Fujairah port which came to the country's rescue to…
OPEC+ boosts oil output again. Discover what the latest production hike means for global prices and the UAE after its exit from…
Concerns around production were amplified further last week with news of the UAE's shock departure.
Middle East oil output is set for a sharp rebound in 2027, with Iraq leading at 34.1% growth, as producers race to restore supply…
