Abu Dhabi to pump average 3.1 mil b/d oil in 2022: S&P Global Ratings

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UAE’s oil-rich emirate of Abu Dhabi is forecast to pump on average 3.1 million b/d in 2022, S&P Global Ratings said in a May 30 report, as OPEC+ members continue to relax curbs on crude production initiated in 2020 at the height of the pandemic. “We expect Abu Dhabi’s oil production to increase on an annual basis as OPEC+ quotas…