UAE's oil exports hit a historic high after withdrawing from OPEC According to BlockBeats, on June 30th, preliminary ship tracking data from Kpler and Vortex showed that the United Arab Emirates increased its exports of crude oil and condensate to historic levels in June, shortly after withdrawing from OPEC. According to Rauball, a senior oil analyst at Kpler, the average export volume of crude oil and condensate from the United Arab Emirates this month was about 3.7 million barrels per day, setting a historical high and far exceeding the level of 3.1 million to 3.3 million barrels per day before the outbreak of the Middle East conflict. The UAE's previous export peak occurred in April 2020, reaching 3.44 million barrels per day, when Saudi Arabia and Russia sparked a brief oil price war. Emma Li, Senior Oil Analyst at Vortex, stated that from June 1st to 29th, Abu Dhabi's crude oil loading reached 4 million barrels per day, exceeding the pre war level of 3.4 million barrels per day. The export volume has also risen to a historical high of 3.7 million barrels per day, compared to 3.3 million barrels per day in the first two months of this year. [Original link]