UAE Accelerates National Energy Production Investments
damage to oil facilities and fields caused by the ongoing war will make it challenging for countries to increase production quickly. The country's relationship with the organization dates back to 1967 when Abu Dhabi joined the alliance before the state's formation in 1971. This shift occurs despite increased market uncertainty. The UAE has reached the position of third largest producer in OPEC, navigating production quota variations and geopolitical shifts within the OPEC+ framework. This capacity exceeds its current OPEC quota of 3.4 million barrels per day, though actual production has reached 3.5 million barrels per day. This approach aims to secure higher prices than those expected in a global decarbonization scenario 10 to 20 years from now. The move is framed as a response to the ongoing global decarbonization trend.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
“it's going to be challenging for any of these countries to ramp up quickly because there's been significant damage to oil facilities and fields because of this war.”
“I think it's going to be challenging for any of these countries to ramp up quickly, because there's been significant damage to oil facilities and fields because of this war.”
“目前阿聯酋原油和凝吸油出口量 大約在每天330萬桶左右 如果接下來計劃把產量提升到 每天500萬桶甚至更高... 這無疑會對油價形成下行壓力”
“If the plan is to increase production to 5 million barrels per day or even higher, it means a large amount of new crude oil supply will enter the market in the next one to two years.”
“目前阿聯酋原油和凝吸油出口量 大約在每天330萬桶左右 如果接下來計劃把產量提升到 每天500萬桶甚至更高”
“Currently, the UAE's crude and condensate oil exports are about 3.3 million barrels per day. If the plan is to increase production to 5 million barrels per day or even higher, it means a large amount of new crude oil supply will enter the market in the next one to two years.”
“Anytime you increase supply in a normal context, that that would lead to some level of price decline. The UAE says it chose to leave now to minimize market disruption.”
“If the next plan is to increase production to 5 million barrels per day or even higher, it means a large amount of new crude oil supply will enter the market in the next one to two years, which will undoubtedly put downward pressure on oil prices.”
“如果接下來計劃把產量提升到 每天500萬桶甚至更高 那就意味著未來一到兩年內 將有一大批新增原油供應進入市場 因此這無疑會對油價形成下行壓力”
“如果接下來計劃把產量提升到 每天500萬桶甚至更高 那就意味著未來一到兩年內 將有一大批新增原油供應進入市場 因此这无疑会对油价形成下行压力”
“متول وعقوبات جديدة ارتفاع أسعار نفت الخام لأعلى مستوى في ثمانية أيام”
“ارتفاع أسعار نفت الخام لأعلى مستوى في ثمانية أيام وصطى تقرير عن استعداد إدارة ترامب لفرض حصار متول على إيران”
“Он отметил, что власти не могут и не хотят в короткий срок увеличить добычу нефти, поскольку, как и другие”
“instead of the main North American benchmark for oil fetching $75 per barrel, it's now closer to $100.”
“in the long term, the Emirates may gradually increase production above the current limit of about 3.5 million barrels per day. This could weaken OPEC Plus discipline.”
“تلعب لاحقاً دوراً أساسياً في المنظمة... مع تحولها إلى ثالث أكبر منتج في أوبك بعد السعودية والعراق”
“التوجه جاء على حساب رغبة إماراتية بالاستفادة من استثماراتها الكبيرة في قطع”
“بحلول عام 2025 كانت القدرة الانتاجية للإمارات تصل إلى 4.8 مليون برميل يوميا بينما لم تتجاوز حصتها المحددة من قبل أوبك 3.4 مليون برميل يوميا”
“When asked if the UAE had taken this step in coordination with Saudi Arabia, Energy Minister Suhail Al Mazrouei said his country had not raised this issue with any other country.”
“In the world heading towards decarbonization, they have an interest in selling the maximum volume of oil at a lower and more competitive price, but still higher than what they estimate will be the normal price in 10, 20 years in a global decarbonization framework.”
“the United Arab Emirates are among the countries that extract oil most easily, with less costs. And fracking is much more expensive. Therefore, a drop in fuel prices could have an enormous impact on the American oil industry.”
“os Emirados árabes são dos países que extraem trolleon mais facilmente, com menos custos. E o fracking é muito mais caro.”
“Emiratos justificó su decisión diciendo que acelerará las inversiones en la producción energética nacional.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade