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