• 2 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 7 minutes Sources confirm Trump to sign two new Executive orders.
  • 2 hours In a Nutshell...
  • 1 day No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 1 day The Coal Industry May Never Recover From The Pandemic
  • 12 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 2 days A Real Reality Check on "Green Hydrogen"
  • 2 days Why Oil could hit $100
  • 16 hours Where is Alberta, Canada headed?
  • 1 day During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 1 day Putin Paid Militants to Kill US Troops
  • 2 days Why Wind is pitiful for most regions on earth
Moscow Backs Russia's Fastest Moving Energy Company

Moscow Backs Russia's Fastest Moving Energy Company

The strategic importance of Novatek’s…

UAE’s ADNOC Can Lift Oil Production By ‘Several Hundred Thousand’ Bpd

The Abu Dhabi National Oil Company (ADNOC) has the ability to raise its oil production by “several hundred thousand” barrels per day, the state-run oil firm of the United Arab Emirates (UAE) said on Tuesday.

ADNOC confirmed that its current crude oil production capacity stands at 3.3 million bpd, and stays on track to boost its production capacity to 3.5 million bpd by the end of this year.

“ADNOC has the ability to increase oil production by several hundred thousand barrels of oil per day, should this be required to help alleviate any potential supply shortage in the market,” the company said in a statement, as carried by the Emirates news agency WAM.

ADNOC is ready to boost its production and is working in close cooperation with the UAE’s Ministry of Energy and Industry, the state-run oil company said.

Abu Dhabi holds most of the oil resources of the UAE, whose crude oil production was 2.865 million bpd in May, according to OPEC’s secondary sources.

According to industry sources who spoke to Reuters, the UAE’s oil production was 2.87 million bpd in June, basically flat compared to May and just in line with its production quota of 2.874 million bpd under the original OPEC deal.

Related: This Is How Much U.S. Households Lose As Gas Prices Rise


Oilprice - The No. 1 Source for Oil & Energy News