DFM ---ADX ---
1hBinance Recovers 90% of Stolen Assets Following Massive BreachBusiness
7hUAE Treasury Sukuk and Bonds Attract Dh4.54 Billion in Latest AuctionBusiness
9hUAE fuel prices dip for November: Here is how much you will save at the pumpBusiness
15hThe Recent $6.3 Billion Binance Breach: Security Lessons for the Crypto IndustryBusiness
1dUAE Residents Rank Telemarketers as Least Trusted ProfessionalsBusiness
1dUAE and Democratic Republic of Congo Launch Landmark Trade DealBusiness
1dUAE Regulator Closely Monitors Binance Following Major Security BreachBusiness
1dSingapore Airlines Suspends Dubai Routes Amid Regional TensionsBusiness
1dNMDC Group Reports Robust Growth with Dh2.4 Billion ProfitBusiness
1dPureHealth Sees Net Profit Surge to Dh1.8 Billion on Global ExpansionBusiness
1dArada Secures $400 Million in Landmark Sukuk IssuanceBusiness
1dFitch Ratings Affirms ADQ’s ‘AA’ Rating Following Strong 2025 Financial PerformanceBusiness
1dFlydubai Suspends Operations to Select Saudi Cities Amid Regional TensionsBusiness
1dBinance’s Recent $6.3 Billion Security Breach: A Deep Dive into Crypto’s HistoryBusiness
1dDubai Opens Doors: 400 New Real Estate Job Opportunities for EmiratisBusiness
1dUAE Dominates GCC M&A Landscape Amid Rising Market MaturityBusiness
1dBinance Faces Record-Breaking $6.3 Billion Security BreachBusiness
1dDubai Real Estate Records Strong Q3 Performance with Dh141 Billion in TransactionsBusiness
1dMicrosoft to Raise $25 Billion in Major Bond Sale for AI ExpansionBusiness
1dDubai’s Real Estate Funds: A New Frontier for Property InvestmentBusiness
2dECB President Christine Lagarde Announces ResignationBusiness
2dUAE Residents Can Now Repair Credit Scores in Just Six MonthsBusiness
2dSharjah Offers Affordable Licensing for Tech StartupsBusiness
2dUAE Residents Offered Faster Path to Financial Recovery with New Credit Scoring SystemBusiness
2dUAE Businesses Face Urgent Deadline for E-Invoicing ComplianceBusiness

UAE Poised to Surpass 5 Million BPD Oil Output Following OPEC Exit

Wed, Jun 17, 2026(135d ago)Business

The United Arab Emirates is set to become a significant force in global energy markets as it aggressively ramps up oil production following its departure from OPEC. According to a recent report by the International Energy Agency (IEA), the UAE is aiming to break free from previous quota restrictions to fully capitalize on its vast natural resources. Projections suggest that the nation’s total oil output could climb to approximately 5.2 million barrels per day by 2027, marking a substantial year-on-year increase and positioning the country as a primary driver of non-OPEC+ supply growth.

To fuel this ambitious expansion, the Abu Dhabi National Oil Company (ADNOC) has committed a massive $55 billion to various growth projects scheduled for 2026 through 2028. This long-term strategy includes critical infrastructure developments, such as a new West-East pipeline designed to bypass the Strait of Hormuz and effectively double export capacity through Fujairah. While official targets remain flexible, leadership has indicated that capacity could theoretically reach as high as 6 million barrels per day if market conditions warrant such a shift, demonstrating the UAE's strong resolve to cement its status as a leading global energy supplier.

Comments0
No comments yet. Be the first to share your thoughts.