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Josh Owens is the Content Material Director at Oilprice.com and a veteran power journalist with over a decade of expertise overlaying international vitality markets and geopolitics.… The United Arab Emirates (UAE) produced four.1 million barrels per day (bpd) of crude oil in June, its highest output ever, based on estimates Crude costs had erased most of their wartime features as barrels returned to the market and fears of oversupply resurfaced. Iran is estimated to have sneaked supertankers with a total of 12 million barrels of crude oil within the week between the top of the U.S. waiver on Iranian oil…
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