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2020-09-02 12:50:00

UAE OIL PRODUCTION +103 TBD

UAE OIL PRODUCTION +103 TBD

PLATTS - 01 Sep 2020 - The UAE breached its OPEC+ quota in August, pumping 2.693 million b/d, the energy minister tweeted on Sept. 1, as electricity demand powered by natural gas -- produced in concert with crude oil -- surged in the month.

"While the UAE's production increased to 2.693 million b/d in August, measures have been taken to compensate for this temporary increase due to peak summer electricity demand in the UAE, which required an increase in oil production and associated gas," Suhail al-Mazrouei tweeted.

That is 103,000 b/d above…

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