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Factoid of the Day Monday, July 20, 2026

Preliminary data from Kpler and Vortexa revealed that the United Arab Emirates (UAE) exported a record 3.7 million barrels of crude oil and condensate per day in June 2026, according to Reuters. The record exports come just one month after the UAE’s withdrawal from OPEC+ on May 1, 2026. In a June 2026 release, the Middle East Council on Global Affairs noted that OPEC+ had capped the UAE’s production quota at 3.4 million barrels per day, roughly 30% below the country’s total capacity

 

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