UAE to shut 150,000-200,000 bpd oil output Oct-Nov

[phantom power]

Interesting timing.

DUBAI (Reuters) - OPEC-member the United Arab Emirates will reduce oil output by 150,000 to 200,000 barrels per day for 40 days in October and November for maintenance, an official at state oil company ADNOC said on Monday.

The scheduled shutdown will cut oil output from the world's fifth-largest oil exporter by up to 7.5 percent. The UAE pumped around 2.6 million bpd in June, a Reuters survey showed.

http://www.guardian.co.uk/business/feedarticle/7666072

[n2doc]

1. Hey, they didn't get the memo to wait until after the election? n/t

[madokie]

2. greed has no bounds