Ahead of Schedule

UAE likely to hit oil capacity target one year early

The higher capacity will be a potential source of tension as OPEC+ debates new production quotas later this year

An Abu Dhabi National Oil Company (ADNOC) fuel station sign in the UAE. (Photo: Getty Images)

The UAE is likely to achieve its full oil capacity target of 5 million barrels a day more than a year earlier than expected, Bloomberg reports.

ADNOC, the state-owned oil company, is on course to reach the threshold...