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11 May | Oil

United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator has decreased from 2.1M to 2M

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.

A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.

Marketcheese MarketCheese

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