OPEC: UAE's Monthly Crude Oil Production Up in June
The United Arab Emirates' crude oil production amounted to 3.8 million barrels per day in June, based on direct communication from the country, according to the Organisation of the Petroleum Exporting Countries, or OPEC. The amount marks an increase from the 2.1 million barrels per day of crude reported by the UAE in May, OPEC said in its latest Monthly Oil Market Report published Monday. The country previously announced its decision to leave OPEC, effective May 1. Meanwhile, Saudi Arabia told the organization that its supply to the oil market stood at 6.6 million barrels of crude per day in June, down from 7 million barrels per day a month before. Based on secondary sources, Russia's declaration of cooperation crude oil production stood at 8.9 million barrels per day in June, OPEC noted.
The United Arab Emirates' crude oil production amounted to 3.8 million barrels per day in June, based on direct communication from the country, according to the Organisation of the Petroleum Exporting Countries, or OPEC.
The amount marks an increase from the 2.1 million barrels per day of crude reported by the UAE in May, OPEC said in its latest Monthly Oil Market Report published Monday.
The country previously announced its decision to leave OPEC, effective May 1.
Meanwhile, Saudi Arabia told the organization that its supply to the oil market stood at 6.6 million barrels of crude per day in June, down from 7 million barrels per day a month before.
Based on secondary sources, Russia's declaration of cooperation crude oil production stood at 8.9 million barrels per day in June, OPEC noted.