UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels

AI Summary

The United Arab Emirates has reached an all-time high oil production of 4.1 million barrels per day in June, doubling pre-crisis levels. This surge followed the UAE's departure from OPEC on May 1 and a partial blockade of the Strait of Hormuz during the first half of June.

The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to estimates by the International Energy Agency. The UAE’s crude oil production jumped from 3.3 million bpd in May to 4.1 million bpd in June after the country left OPEC effective May 1, started raising output, and managed to sneak a lot of exports out of the Middle East even as the Strait of Hormuz was mostly blockaded for the first half of June. The crude oil production in June, at 4.1 million bpd, was the highest…