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8 May | Oil

United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator remained at the same level of 2.91M

Brent
WTI Light Crude Oil

A report on this calendar event is released monthly by the OPEC.

The presented indicator measures the volume of oil production of the United Arab Emirates, one of the member countries of the Organization of Petroleum Exporting Countries, which controls oil production quotas. OPEC includes 13 countries.

In addition to the United Arab Emirates, these are Equatorial Guinea, Angola, Congo, Saudi Arabia, Gabon, Nigeria, Libya, Algeria, Iran, Kuwait, Venezuela, Iraq.

Comments by the MarketCheese analysts: no change of the indicator value may reduce the volatility of the related markets.

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