UAE crude output nears record after OPEC exit, sources say
This digest was compiled by AI from multiple sources — links to the originals are below.
The United Arab Emirates has boosted crude production to nearly 4.85 million barrels per day (bpd) in June, approaching its maximum capacity, according to industry sources and tanker-tracking data. The increase follows the UAE's exit from OPEC in early 2026, freeing it from the group's output quotas. The surge adds to global supply even as other producers maintain cuts.
Production Surge
The UAE's crude output reached approximately 4.85 million bpd in June, up from 4.6 million bpd in May, according to two industry sources and tanker data. This is the highest level since April 2020, when the country pumped a record 4.9 million bpd during a brief price war. The increase comes after the UAE left OPEC in March 2026, citing a desire to maximize its production capacity of about 5 million bpd.
Market Impact
The additional supply from the UAE could pressure oil prices, which have traded around $75 per barrel for Brent crude in recent weeks. Other OPEC+ members, including Saudi Arabia and Russia, have maintained voluntary cuts of 2.2 million bpd through June. Analysts at Goldman Sachs estimate that the UAE's output could reach 5 million bpd by year-end, adding to a global surplus.
Drone debris fire at Fujairah terminal
A fire broke out at the Fujairah oil storage terminal after falling debris from an intercepted Iranian drone struck the area. Oil firms have temporarily suspended operations at the facility.
Umm Lulu Platform Capacity
The Umm Lulu offshore facility, operated by Adnoc, can process up to 135,000 barrels per day. The platform was built under the 'Make it in the Emirates' initiative to localize industry and boost output.
What's Next
The UAE is expected to release official June production figures in the coming weeks. It remains unclear whether other OPEC+ members will respond with further cuts or if the UAE's output will trigger a broader price decline.
3 sources
UAE crude output nears record after OPEC exit, sources say
