DFM ---ADX ---
23hUAE FMCG Market Sees Growth as Local Brands Lead Consumer PreferenceBusiness
1dEnergy Strategy in the Shadow of War: Insights from Helima CroftBusiness
1dUAE Fuel Prices Rise for August 2026: What Motorists Should ExpectBusiness
1dCBI Reports Strong 68% Profit Surge in First Half of 2026Business
1de& Reports Strong H1 2026 Growth as Subscriber Numbers SurgeBusiness
1dTecom Group Experiences Strong Growth in First Half of 2026Business
1dSharjah Airport Authority Recognizes Contributors to 'Because We Care' InitiativeBusiness
1dIndia's Gold Import Tax Hike Fuels Smuggling SurgeBusiness
1dUAE fuel prices for August 2026: What you need to knowBusiness
1dSharjah Empowers Women Entrepreneurs with New E-Commerce InitiativeBusiness
1dElon Musk Rejects Rumors of Tesla China Business SaleBusiness
1dUncertainty Clouds Markets After Federal Reserve’s Hawkish HoldBusiness
2dMashreq Records Strong H1 2026 Growth Amid Regional Economic ResilienceBusiness
2dEA FC 27 Gameplay Reveal: Major Shifts and New MechanicsBusinessTechnology
2dUAE Capital Market Authority Eliminates 15 Fees to Boost Market EfficiencyBusiness
2dGold Market Trends: Why Investors Are Choosing Bars Over JewelleryBusiness
2dGCC Faces Massive Debt Maturity Peak Approaching 2029Business
2dFlydubai Expands Italian Routes with Increased Service to Naples and MilanBusiness
2dAI Infrastructure Overtakes E-commerce as the New Driver of Asian Air CargoBusiness
2dThe Evolution of Wealth Management: How AI is Reshaping UAE Financial HabitsBusiness
2dHow Solar Energy Can Slash Costs for GCC Mega-ProjectsBusiness
2dWaha Capital Posts Strong 62% Profit Growth in H1 2026Business
2dUAE Keeps Interest Rates Steady Following Federal Reserve MoveBusiness
2dResponse Plus Holding Sees Profits Soar Amid Regional ExpansionBusiness
2dADIB Hits Major Milestone as Half-Year Profits Climb 8%Business

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

Wed, Jun 17, 2026(45d 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.