UAE Oil Sector Poised for 7.8% Growth in 2025

The oil sector in the United Arab Emirates (UAE) is set to rebound with strong growth of 7.8% next year, as OPEC+ will begin unwinding its oil production cuts in December 2024, the National Bank of Kuwait said in its latest macro outlook on one of OPEC’s biggest producers.    The UAE’s oil economy will rebound next year from the lackluster growth of 0.4% expected for 2024, NBK said.   The bank’s analysts expect oil production in the UAE to reach 3.4 million barrels per day (bpd) by the end of 2025. …