UAE Crude Oil Exports Reach Record High Following OPEC Exit
UAE Crude and Condensate Exports Hit Record 3.7 Million bpd in June After OPEC Exit
The United Arab Emirates posted its highest-ever crude oil and condensate exports in June, with vessel-tracking data showing volumes averaged about 3.7 million barrels per day amid stronger production, improved shipping through the Strait of Hormuz and rising global demand.
What Readers Should Know
- UAE crude and condensate exports averaged about 3.7 million bpd in June, a record high.
- Export volumes rose from the 3.1–3.3 million bpd range seen before recent Middle East geopolitical tensions.
- The UAE recently ended its OPEC membership, gaining greater flexibility over oil production.
- Recovery of shipping through the Strait of Hormuz helped support higher export levels.
- Vortexa data show Abu Dhabi crude loadings near 4 million bpd between June 1 and June 29.
- ADNOC supplied crude to Nigeria’s Dangote refinery for the first time and sold cargoes to Turkey’s Tupras.
MONTREAL (Oil Monster): The United Arab Emirates (UAE) recorded its highest-ever crude oil and condensate exports in June, driven by robust production, improved shipping activity, and rising international demand. According to preliminary vessel-tracking data, exports averaged about 3.7 million barrels per day (bpd) during the month, surpassing previous records.
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Market analysts said export volumes have risen significantly from the 3.1–3.3 million bpd range seen before recent geopolitical tensions in the Middle East. The country had recently ended its long-standing membership in OPEC, allowing it to manage its oil production with greater flexibility. The recovery of shipping through the Strait of Hormuz also played a major role.
Abu Dhabi Loadings Near 4 Million bpd
According to Vortexa data, Abu Dhabi's crude loadings reached around 4 million bpd between June 1 and June 29. Asian customers remained the largest buyers of Abu Dhabi National Oil Company (ADNOC) oil. The demand from Europe, the Mediterranean, Africa, and the U.S. West Coast also witnessed significant improvement.
ADNOC Extends Reach to Dangote and Tupras
The Abu Dhabi National Oil Company (ADNOC) reportedly supplied crude to Nigeria's Dangote refinery for the first time, importing 2 mmbl of crude oil. Additionally, it sold cargoes to Turkey's Tupras.
Frequently Asked Questions — UAE’s Record June Crude Exports
How much crude and condensate did the UAE export in June?
Preliminary vessel-tracking data indicate the UAE exported about 3.7 million barrels per day of crude and condensate in June, its highest monthly level on record.
How do June exports compare with previous volumes?
Export volumes rose from the 3.1–3.3 million bpd range seen before recent Middle East geopolitical tensions, reflecting stronger production and shipping conditions.
What role did the UAE’s OPEC exit play?
After ending its long-standing membership in OPEC, the UAE gained more flexibility to manage its oil production, which helped support higher export levels.
Which regions bought more Abu Dhabi crude in June?
Asian customers remained the largest buyers of ADNOC oil, while demand from Europe, the Mediterranean, Africa and the U.S. West Coast also improved.
Which new customers did ADNOC supply in June?
ADNOC reportedly supplied 2 million barrels of crude to Nigeria’s Dangote refinery for the first time and sold cargoes to Turkey’s Tupras.