Markets

UAE oil output at 2.7mn bpd in Aug: source

Published September 6, 2012 Updated September 6, 2012 12:49pm

In July, the OPEC country's production was ramped close to its maximum capacity of 2.8 million bpd.

The UAE, which is among the world's top crude exporters, has promised oil supplies to customers who are looking at cutting their dependence on Iran's crude exports due to sanctions placed by the West.

Copyright Reuters, 2012