The United Arab Emirates aims to increase its oil production from 3.8 million barrels per day in 2018 to a target of 5 million barrels per day.

Kuwait suffered massive damages to the infrastructure of its main airport in an attack that happened earlier this week.

Oil analysts suggest that while the paper price for Brent crude is around $90 a barrel, the actual physical market price could be as high as $150 to $160 per barrel.

The United Arab Emirates left the OPEC+ alliance in a surprise move last month to pursue its own supply goals.

The United Arab Emirates aims to increase its oil production to 5 million barrels per day, up from 3.8 million barrels per day in 2018.

Iran has approximately $24 billion in frozen assets, which are a key point of leverage in international negotiations.

Kuwait's main airport infrastructure suffered massive damage from an attack earlier this week.

The United Arab Emirates left the OPEC+ alliance in a surprise move last month.

The UAE's decision to leave OPEC+ was reportedly motivated in part by political reasons.

Oil analysts suggest the physical market price for oil could be around $150 to $160 per barrel, far exceeding the paper price of approximately $90 per barrel.