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 (July 7, 2026): The UAE has fully restored its shipping flows as the Gulf supply recovery continues, part of a bearish backdrop that kept crude near four-month lows even after Iran struck a Qatari LNG tanker near Hormuz and the U.S. revoked Iran’s oil-sale license this week. Having formally departed OPEC effective May 1, the UAE is now boosting supply outside the cartel’s quota framework just as OPEC+ approved a further 188,000 bpd increase and Saudi Aramco discounted Arab Light to Asia. The UAE remains a primary U.S. security partner, and resumed Hormuz traffic — with supertankers exiting via a route near Iran — has relieved the bypass pressure that had elevated the ADCOP pipeline.