The UAE, Opec's third-largest producer, remains committed to the oil-exporters' bloc and the Opec+ alliance, the Ministry of Energy and Infrastructure said on Sunday.
The Emirates, which has adhered to Opec+'s production curbs with a 103 per cent compliance rate throughout the latter's two-year term, "believes that the market needs an increase in production and supports an increase from August", it said, according to a report by state-run news agency Wam.
It called on members of the exporters' group to "decouple" output restrictions from a planned extension of the agreement beyond April 2022.
"The Joint Ministerial Monitoring Committee unfortunately only put one option forward – to increase production on the condition of an extension to the current agreement – which would prolong the UAE’s unfair reference production baseline until December 2022, from the existing agreement end date of April 2022," it said.
Opec+, the group led by Saudi Arabia and Russia, deferred a ministerial meeting to Monday in light of some members' opposition to an extension of the cuts until the end of next year.
The group is considering bringing back 2 million barrels per day to the markets by the end of the year.
The group came together at the height of the coronavirus-induced demand crunch to undertake record output curbs of about 10 million bpd last year.
With economies opening amid vaccine distribution in developed nations, Opec anticipates resurgent demand and is looking to bring back more barrels to meet energy requirements.
The UAE, which plans to raise its production capacity to 5 million bpd by 2030, is concerned about an outdated baseline reference that is currently being used to assign its production quotas.
"The UAE and its international partners have invested significantly in growing its production capacity and believes that, if or when the agreement is extended, the baseline reference figures should reflect its actual production capacity, rather than the outdated October 2018 production reference," the Ministry of Energy and Infrastructure said.
According to secondary Opec sources, the country's output for the month of May stood at 2.64 million bpd.
The ministry urged the UAE's fellow producers to review terms for an extension at a later time.
"There is plenty of time to review terms for its extension and we see no need for such a condition to be included at this time," it said.
In an interview with CNBC on Sunday, Suhail Al Mazrouei, the UAE's Minister of Energy and Infrastructure, said the historic agreement reached by Opec+ was not "a fair deal but it was a must deal; we had to do it".
"Everyone sacrificed but, unfortunately, the UAE sacrificed the most, making one third of our production idle for two years," he said.
"But we did that for the sake of the group, for the sake of correcting the market, for the sake of the world economy and we have done a lot together."
He said the current recommendation by Opec+ to continue using a 2018 production baseline to extend the agreement beyond April 2022 was "just not realistic".
Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
Pharaoh's curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
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- Disruption Lab and Research Centre for developing entrepreneurial skills
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Killing of Qassem Suleimani
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Four motivational quotes from Alicia's Dubai talk
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“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”
“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”
“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
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