The UAE lowered its September crude output by 8% on the month to 2.476 million b/d, achieving 116% compliance with its OPEC+ quota as the producer compensated for overproduction in August, a source familiar with the matter told S&P Global Platts Oct. 5. The OPEC producer pumped 2.693 million b/d in August, 103,000 b/d above its quota of 2.590 million b/d under the OPEC + supply accord, and a rise of 293,000 b/d from what the country reported in July, when its cap was 2.446 million b/d. The UAE pumped more oil in August as electricity demand powered by natural gas — produced in concert with crude — surged […]