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Will OPEC adjust production quotas due to UAE's output increase by mid-2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
OPEC official announcements 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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Increase • 25%
Decrease • 25%
Maintain • 25%
No decision • 25%
Agree to increase production • 25%
Agree to decrease production • 25%
Agree to maintain current levels • 25%
No consensus reached • 25%
Saudi Arabia • 25%
United Arab Emirates • 25%
Kuwait • 25%
Other • 25%
Increase production • 25%
Maintain current levels • 25%
Decrease production • 25%
No decision made • 25%