Reported 5 months ago
The United Arab Emirates is projected to achieve its full oil capacity target earlier than expected, likely reaching its 5 million barrel-a-day goal by the end of next year or early 2026 instead of the original target of 2027. This acceleration in capacity could create tension within OPEC and its allies as they deliberate new production quotas later in the year. Abu Dhabi National Oil Co. is increasing drilling and production efforts to meet this target, aiming to maximize oil deposits and utilization.
Source: YAHOO