UAE to cut oil shipments amid OPEC+ push for quota discipline, Bloomberg News reports
- 2024-12-13
- 16:45:26
Breaking News
The United Arab Emirates plans to reduce oil shipments early next year, amid the OPEC+ group's push to seek stronger discipline in meeting production targets, Bloomberg News reported on Friday.
The Abu Dhabi National Oil Co (ADNOC) has cut allocation of crude oil cargoes for some customers in Asia, reducing volumes by up to 230,000 barrels per day across various crude grades, the report said, citing companies with contracts to receive the shipments.
The UAE’s non-oil foreign trade surged by 18.6 per cent year-on-year in Q1 2025, reaching Dhs835bn, as the country accelerates toward its eco…
A new UAE aid ship carrying 2,100 tonnes of humanitarian relief supplies has arrived to support the people of Gaza, as part of country's continued…
The Ministry of Foreign Affairs has issued a travel advisory for UAE citizens due to the latest developments in the Middle East. In a post…
