The United Arab Emirates produces roughly 3 million barrels per day, primarily through ADNOC. Murban crude and Dubai crude are key Asian benchmarks. Fujairah, on the eastern coast outside the Strait of Hormuz, provides a critical export bypass during Gulf disruptions.
Current Context
Current state (May 22, 2026): The UAE was among the Gulf states (alongside Saudi Arabia and Qatar) that asked Trump to call off Tuesday’s planned Iran strike. The UAE formally departed OPEC effective May 1, 2026. EIA’s May STEO cut OPEC’s 2027 spare capacity forecast to 2.5M bpd from 3.8M prior. A UAE nuclear facility was attacked over the prior weekend (May 17-18). Trump threatened renewed Iran strikes Friday if talks fail. ADCOP pipeline carries available bypass volumes that don’t transit Hormuz. The UAE remains a primary U.S. security partner in the Gulf and attended the G7 Paris meeting (concluded May 19) as an invited guest.