The International Energy Agency (IEA) has reported that oil output from the United Arab Emirates climbed to record levels last month, underscoring its resilience during the Iran war and liberation from OPEC+ limits.
Abu Dhabi raised total oil production, including condensates, by 400,000 bpd to 5.3 MMbpd , the IEA said in a monthly report. It bolstered crude output to more than 4.4 MMbpd, nearing its maximum capacity, according to the agency. That exceeds the previous highs for total oil in August, and crude oil in June.
The UAE has been one of the most successful among regional producers in restoring flows through the Strait of Hormuz, by drawing on a fleet of tankers to discreetly...
Politics
UAE Oil Output Hits Record 5.3mbpd In September- IEA
Source: Leadership News
Open Original Source
Login to continue into the member area for this article.
Join the Conversation
Login to Comment