Daily Energy Report
UAE crude exports/production, Global trade & inventories, Ukraine drone attack on oil pipeline transporting Kazakh oil through Russia
February 18, 2025
Due to international travel, we are posting a short version of the Daily Energy Report
Chart of the Day
EOA: UAE Crude Exports are Rising, but Production Could be Flat
Summary
Figure (1) shows trends in weekly crude exports of the United Arab Emirates. Large fluctuations in the weekly data are common. Although the UAE has been cutting production recently to comply with its OPEC+ V8 targets, crude exports in Q4 2024 have been above those of 2023 and have been increasing in recent weeks. We should be careful making any conclusions about UAE production in recent weeks.