UAE crude output surged to near-record highs in June after quitting OPEC, as discounted ADNOC barrels drew Chinese and U.S. buyers.

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