Key Market Indicators
By 2026, the UAE is predicted to produce 165,980 thousand tonnes of oil equivalent. This is a 0.9% year-on-year growth rate, but since 1976, the UAE's supply has decreased by an average of 0.3% a year. In 2021, the UAE was the 8th-largest producer of oil equivalent, with 154,880 thousand tonnes. Canada topped the list, followed by Saudi Arabia, the US and Iraq.
