Highlights UAE’s ADNOC spending $122 bil through 2025 ADNOC boosting capacity to 5 mil b/d by 2030 It wants Murban futures to become benchmark OPEC is no stranger to squabbles, but at a time when it should be reveling in higher oil prices, it is embroiled in its latest crisis, fueled by core member UAE’s desire for a higher output target, with plans to boost production capacity and turn its flagship Murban crude into an international benchmark. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With the UAE alone standing in the way of a deal between OPEC and its allies to increase their collective oil output gradually in the coming months and extend their supply management pact through the end of 2022, according to delegates, its ties to the coalition may remain frayed for the foreseeable future. The UAE’s baseline under the […]