The UAE, which pumped a record 4.1 million b/d in April, has also pledged to trim an extra 100,000 b/d in June, on top of its OPEC+ commitments,

UAE, Abu Dhabi Power Corporation (ADPower) announced, today, the world’s lowest tariff for solar power.

ADNOC has terminated $1.65 billion worth of contracts

The MoU aims to facilitate the development of two Waste-to-Energy (WtE) plants – in Abu Dhabi and Al Ain – which, upon completion, would have the potential to transform up to 1.5 million tonnes of municipal waste into energy every year and collectively reduce CO2 emissions by approximately 2.5 million tonnes annually – equivalent to the removal of more than 500,000 cars from the road.

The US sanctioned five UAE companies

The UAE's central bank announced a package of $27.3 billion, Saudi Arabia's central bank announced the same day a $13.3 billion package

Al Mazrouei said, via a series of tweets, "OPEC and OPEC+ played an important role in delivering market stability. The UAE Ministry of Energy and Industry firmly believes that a new agreement is essential to support a balanced and less volatile market."

UAE Minister of State and ADNOC Group CEO, Dr. Sultan Ahmed Al Jaber has commented on recent market developments, noting that the UAE oil company is set to supply the market with over four million barrels of oil per day in April 2020.

the UAE has officially become a peaceful nuclear energy operating nation.

"The fundamentals of our relationship are mostly based on defence, counter-terrorism and energy. These are strong pillars that need to be nurtured and maintained," Detroit-born Rakolta said.