UAE oil production reaches a record 4.1M bpd in June. WTI hitting $130 in July 2026 at 0.5% YES.

UAE oil output hit a record 4.1 million bpd in June, IEA data show, as the country exited OPEC and skirted the Hormuz blockade.

The crude oil production in June, at 4.1 million bpd, was the highest ever on record for the UAE, nearly double the output in March 2026 at the start of the Hormuz crisis

The UAE hit a record 4.1 million barrels per day in June after leaving OPEC, reshaping oil markets with implications for crypto mining and commodity tokens.

UAE shifts oil pricing to the Dubai benchmark to support non-Hormuz routes. WTI reaching $130 in July at 0.7% YES.

UAE oil production reaches a record 4.1M bpd in June. WTI hitting $130 in July 2026 at 0.5% YES.