UAE state oil firm says ready to raise supply by 1 million barrels per day amid price war

The United Arab Emirates' national oil company on Wednesday said it was ready to boost its oil supplies by around one million barrels per day amid a price war.

"In line with our production capacity growth strategy ... we are in a position to supply the market with over four million barrels per day in April," Abu Dhabi National Oil Co said in a statement.

"In addition, we will accelerate our planned five million bpd (output) capacity target," ADNOC said.

AFP