34 Days
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الاقتصادية
UAE records highest oil production in history after leaving OPEC
The UAE increased its oil production to a record high of 4.1 million barrels per day in June 2026, marking its highest-ever average output. This rise was in response to market disruptions caused by the US’s conflict with Iran. The figure exceeded the previous record of 4 million barrels per day set in 2020, enabled by Abu Dhabi's use of a large fleet of oil tankers and oil flows from the Gulf. This shift altered the balance of the global market, with improved flows and some market regions moving back into surplus during that period, before oil prices experienced a significant decline following statements from the US President regarding the end of the ceasefire between the United States and Iran.
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