UAE crude output nears record high after OPEC exit amid rising Chinese demand. Crude oil at new all-time high by September 30 at 2.6% YES.

OPEC+ will boost oil output by 188,000 barrels per day in August. Crude oil reaching a new all-time high by September 30 at 2.6% YES.

The UAE is wasting little time capitalizing on its exit from OPEC, with crude production already climbing above 3.8 million barrels per day in June