According to vessel tracking data from Kpler and Vortexa, the UAE raised its crude oil and condensate exports to a record high in June. Rauball, Senior Oil Analyst at Kpler, stated that the UAE’s average daily crude oil and condensate exports this month reached approximately 3.7 million barrels, up from 3.1 to 3.3 million barrels per day before the outbreak of conflict in the Middle East, surpassing the previous peak of 3.44 million barrels per day in April 2020. Emma Li, Senior Oil Analyst at Vortexa, noted that crude oil loading from Abu Dhabi reached 4 million barrels per day between June 1 and 29, exceeding the pre-war level of 3.4 million barrels per day, with exports rising to 3.7 million barrels per day—up from an average of 3.3 million barrels per day in the first two months of this year.
UAE crude and condensate exports reached a record high in June following the OPEC exit.
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Summary
UAE crude and condensate exports reached a record high in June, according to vessel tracking data from Kpler and Vortexa. AiCoin reported average daily exports at 3.7 million barrels, surpassing pre-conflict levels. Abu Dhabi’s crude loading reached 4 million barrels per day, with exports rising to 3.7 million. Inflation data remains a key factor influencing global markets, including crypto news. Analysts noted the surge exceeded previous peaks, including the April 2020 high of 3.44 million barrels per day.
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