UAE to increase oil production in October, November to meet market demand

To meet the market demand, the UAE began increasing its oil production in the third quarter of 2018 and is expected to increase further in October and November, the UAE’s Energy Minister Suhail al-Mazrouei said.

“The production for December will depend on customer demand and the country’s oil production capacity will reach 3.5 million barrels per day by 2018-end,” wrote HE Mazrouei on his official Twitter account.

“The UAE remains committed to working with its OPEC and non OPEC partners to ensure balance and stability in the market, in the interests of both producers and consumers,” he added.