The UAE reached record-high oil exports in June, according to ship-tracking data, following the country's exit from OPEC in May. The increase in output comes as the UAE works to address supply disruptions and high energy prices caused by the Strait of Hormuz closure. Using a demand-led approach, the UAE averaged 3.7 million barrels per day in June, leveraging additional export routes outside the Strait to meet global energy needs.

Why This Matters

The UAE’s exit from OPEC opened the door for a market-led approach to oil production, creating more affordable and reliable energy for global consumers. As the UAE increases oil output, the country is reinvesting revenues into diversified energy infrastructure, particularly in the US. UAE energy firms are already deploying tens of billions of dollars into American energy systems — from ADNOC's XRG investing in US natural gas infrastructure to renewable energy projects through Masdar.

“After leaving OPEC and while navigating months of regional disruption, the UAE is now exporting at record levels when the world needs it most. That's good news for global energy security.” – Ambassador Al Otaiba

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