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What will be the impact of UAE's oil output increase on its GDP growth in 2025?
2
Resolution / Starting Odds
GDP growth above 5% • 25%
GDP growth 3-5% • 25%
GDP growth 1-3% • 25%
GDP growth below 1% • 25%
UAE government economic reports or credible financial news outlets
Story
UAE to Increase Oil Output by 300 KBD Starting April 2025 Over 18 Months
Dec 5, 2024, 12:31 PM
The United Arab Emirates (UAE) is set to increase its oil output starting in April 2025, according to multiple reports. The production increase will be phased in over an extended period of 18 months, doubling the previous nine-month timeline. Additionally, the UAE's required production baseline has been increased by 300,000 barrels per day (kbd), reflecting a significant concession achieved during negotiations. This adjustment aligns the UAE's production schedule with broader OPEC production increases.
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