OPEC+ countries including Saudi Arabia and UAE announce increase to oil production levels
uae oil production
Latest in uae oil production
kuwait oil production
OPEC+ countries including Saudi, UAE, Kuwait and Oman extend voluntary oil production cuts
Saudi Arabia, UAE, Kuwait and Oman join OPEC+ members in extending voluntary oil production cuts
crude oil output
Oil prices edge lower as fresh voluntary cuts by OPEC+ disappoint traders
The benchmark Brent crude declined to $82.83 a barrel, down 0.32 percent, while West Texas Intermediate (WTI) slipped 0.26 percent on Friday morning trading hours
kuwait oil production
Oil production: Saudi Arabia, UAE, Kuwait and Oman to slash output in 2024
Opec+ members including Saudi Arabia, UAE, Kuwait and Oman agree to cut oil production in 2024
Abu Dhabi
UAE announces extension of oil output cut of 144,000 bpd by 2024
This decision by UAE comes in line with the agreement reached at the 35th ministerial meeting of OPEC+
Abu Dhabi
Revealed: UAE GDP expansion forecast to slow down to 3% in 2023
UAE, however, is categorized as a very low-risk nation and ranked 10th out of the 153 nations in the GlobalData Country Risk Index
crude oil output
UAE records 8.2 percent growth in GDP led by higher oil production
An average production of 2.95 million oil barrels per day were produced with a significant growth in the real non-oil gdp as well, the regulator says
Bruno Le Maire
France in talks with UAE to replace Russian oil, diesel as Ukraine war deepens
Meanwhile, Saudi Arabia indicates confidence in demand with a bigger-than-expected selling price increase across Asia
Crude exporter
UAE starts shipping oil cargoes as Europe buyers avoid Russian crude
Prior to its war in Ukraine, Russia was Europe’s largest external supplier of crude, but many of the cargoes that once got delivered to the continent are instead being transported to Asia
budget surplus
UAE economic recovery on “firm footing” despite Omicron concerns, fallout of Russia-Ukraine conflict
Despite a modest setback at the turn of the year, the UAE GDP is forecast to grow by 6.2 percent in 2022, and 6.7 percent in 2023, backed by expansionary government policy and the surging oil sector
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OPEC
UAE reaches compromise to resolve standoff with OPEC+
The UAE will set a new baseline of 3.65 million barrels a day for its production cuts
ADNOC
UAE says case for renewables never stronger
UAE plans to boost hydrogen output and increase its ability to capture carbon emitted during the production of hydrocarbons, says Sultan Al Jaber, head of state firm Abu Dhabi National Oil Co.
ADNOC
ADNOC unit boosts shipping fleet to support UAE’s 2030 oil production target
ADNOC Logistics & Services announces the acquisition of two additional very large crude carriers