• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

UAE favors oil production increase

March 9, 202210:07 AM Reuters0 Comments

United Arab Emirates

The United Arab Emirates favors an oil production increase and will be encouraging OPEC to consider higher output, CNN and the Financial Times reported on Wednesday, citing a statement from the UAE’s ambassador to Washington.

“We favor production increases and will be encouraging OPEC to consider higher production levels,” Ambassador Yousuf Al Otaiba said, the FT reported.

The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, have been restoring 5.8 million barrels per day in production cuts over the last several months, with another 400,000 bpd due in April, to restore supply cuts dating to the 2020 pandemic outbreak.

However, the group has resisted calls from the United States and allies to ramp up output as oil prices have surged to more than $120 per barrel.

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Blacksteel Energy Inc. Announces Further Amendment to Agreement for the Sale of Girouxville Assets
  • New Canadian government launches review of federal regulations – Carney says it’s time to make government processes more effective
  • Discount on Western Canada Select narrows
  • Vermilion Energy Inc. Announces TSX Approval for Renewal of Normal Course Issuer Bid and Confirms Q2 2025 Release Date and Conference Call Details
  • APA curtails US natgas and NGL production in second quarter on weak prices

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.