BlockBeats message: On June 30, preliminary vessel-tracking data from Kpler and Vortexa showed that shortly after exiting OPEC, the UAE increased its exports of crude oil and condensate in June to a record high.

Kpler senior oil analyst Rauball said that this month the UAE’s average exports of crude oil and condensate were about 3.7 million barrels per day, setting a new record and well above the 3.1 million to 3.3 million barrels per day levels seen before the outbreak of the Middle East conflict. The UAE’s previous export peak was in April 2020, when it reached 3.44 million barrels per day, during a brief oil price war sparked by Saudi Arabia and Russia.

Vortexa senior oil analyst Emma Li said that between June 1 and 29, Abu Dhabi’s crude oil loading volume reached 4.0 million barrels per day, exceeding the pre-war level of 3.4 million barrels per day. Export volumes also rose to a record high of 3.7 million barrels per day, compared with 3.3 million barrels per day in the first two months of this year.