The UAE, no longer tied by Opec quotas, could push crude production north of 4 million b/d next year.

Key refiners in Saudi Arabia, Kuwait and the UAE hope that the US-Iran peace deal will enable a rapid ramp-up in their throughputs.

India increases oil imports from Russia and UAE in June, diversifying supplies ahead of potential Strait of Hormuz recovery.

The UAE, no longer tied by Opec quotas, could push crude production north of 4 million b/d next year.