The UAE has quietly increased its oil production from 4.65 million barrels per day (bpd) to 4.85 million bpd without an official statement.
This comes ahead of a full OPEC ministerial gathering in June.
The following note involves the views of UAE President Sheikh Mohammad Bin Zayed (MBZ) on the recent decision, including:
- The main reason behind oil production increase
- MBZ views on current UAE oil quota
- UAE stance in the next OPEC+ meeting
- The future of the UAE in OPEC+
