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 has carried out its 77th airdrop of humanitarian aid to Gaza, as part of the ongoing Birds of Goodness initiative under Operation Chivalrou…
Abu Dhabi National Energy Company (TAQA) has secured an 8.5 billion UAE dirhams ($2.3 billion) term loan to boost liquidity and advance its growth.…
Gold reserves held by the Central Bank of the UAE increased by 25.9 percent during the first five months of 2025 to reach 28.93 billion dirhams ($7…
