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United Arab Emirates OPEC Newsletter
  • Abu Dhabi’s ADNOC says oil production capacity hits 4.85 million bpd 03 May 2024 09:55 GMT

    Image credit: Suppiled Abu Dhabi oil giant ADNOC’s … of the OPEC+ alliance, which groups the Organization of the Petroleum Exporting Countries and allies led … by Russia, and of which the UAE …

  • Abu Dhabi's ADNOC says oil production capacity reaches 4.85mln bpd 02 May 2024 14:12 GMT

    Abu Dhabi oil giant ADNOC's … last year. The United Arab Emirates has plans to raise its … million bpd by 2027. The OPEC producer has seen its baseline … increase in the past year, and it could rise further as …

  • UAE markets track oil prices higher 03 May 2024 13:25 GMT

    … Three sources from the OPEC+ group said it could … First Abu Dhabi Bank and Aldar Properties gained 0.7% and 2 … run Dubai Electricity and Water Authority and 2.4% … and 0.6% decrease in top lender Emirates NBD Bank. ================================= ABU DHABI …

  • Opec+ may need to tackle oil capacity conundrum next month 03 May 2024 11:42 GMT

    … upgrade. The United Arab Emirates, Kazakhstan and Iraq stand to bolster … said in a report. Abu Dhabi has signalled an even bigger …   “The main issue for Opec remains in 2025,” Kaneva said … entirely when the UAE and the Saudis clashed over Abu Dhabi’s ambitions …

  • Heavy Oil Crunch Could Drive Up Shipping and Construction Costs 03 May 2024 12:04 GMT

    … could raise costs for shipping and road construction this summer, … -OPEC production while growing, is mostly of the lighter and … , while the United Arab Emirates (UAE) is sending medium sour … of the sweeter, lighter, and more expensive, Murban crude for …

  • Oil on track for weekly loss amid concerns over fuel demand and rates 03 May 2024 11:06 GMT

    … on fuel demand concerns and prospects of higher-for- … limited. “The hostage talks and Gaza ceasefire negotiations have helped … demand have raised speculation that Opec+ will extend its voluntary … next meets in June. The UAE, Opec’s third-largest producer, …

  • OPEC+ influence debate: between staying the course and geopolitical pressures 03 May 2024 09:35 GMT

    … to the climate emergency, OPEC and its ten OPEC+ allies seem to … Nigeria, Saudi Arabia, United Arab Emirates and Venezuela). Created in 1960 at … its power over prices, OPEC and its allies will have produced … "arms race between OPEC and the US", as …

  • Explainer-What OPEC+ oil output cuts are currently in place? 02 May 2024 18:26 GMT

    … from the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, come … table shows OPEC+ pledged cuts and production targets for … on information from OPEC, individual nations and Reuters calculations. Totals … 9.978 9.02 UAE 0.163 2. …

  • UAE's ADNOC ups crude production capacity to 4.85 million b/d 02 May 2024 18:08 GMT

    … drilling But UAE production capped under OPEC+ quota Abu Dhabi National Oil … added capacity stems from, and a spokesperson declined to comment … the past chafed against its OPEC+ quota, citing its … the ICE Futures Abu Dhabi exchange. ADNOC and IFAD are also …

  • UAE’s Oil Giant Raises Capacity Numbers Ahead of OPEC Meeting 02 May 2024 14:49 GMT

    … crude than the OPEC quota permits and has shown it’ … United Arab Emirates sometimes takes a conflicting stance. While Abu Dhabi still … included accelerating oil capacity.         Abu Dhabi currently holds more than 1 … over how much the UAE can pump has put it …

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