EnergyReader · 2026-08-06 17:25

UAE Near-Record Output and Venezuelan Supply Lift Add to Deepening Gulf Surplus

By EnergyReader Newsroom · August 6, 2026

ICE Brent crude front-month was trading at $82.89 a barrel on Thursday (2026-08-06), up 1.36%, even as Gulf and Latin American supply has grown by millions of barrels per day since May.

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Connected coverage Stories linked to UAE through the market graph: same hub, spread, route or driver.

Eneos and Idemitsu Pay $38 Premiums for Oman Crude as Saudi Pipeline Stays Shut 23h ago · Dubai Crude via UAE / ADNOC Crude Supply White House Says Fed Rate Hike Cannot Fix Oil Prices After Warsh Raises Rates 1h ago · Brent via UAE / ADNOC Crude Supply Shell Warns Hormuz Supply Buffers Near Their Limit as Brent Tops $100 14h ago · Brent via UAE / ADNOC Crude Supply PetroChina Cuts Crude Processing 5.6% in First Half as Ethylene Output Jumps 21% 5h ago · CNPC same desk NYMEX WTI Slides to $96.08 as US Rig Count Hits 595 and Output Nears 14 Million bpd 5h ago · WTI same desk Saudi Aramco Cuts European Term Buyers From October Crude Allocations 6h ago · Saudi Aramco same desk

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