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Record Oil, Empty Tanks: The UAE's Miracle Recovery

ZeroHedgeUnited Arab Emirates

Record Oil, Empty Tanks: The UAE's Miracle Recovery

Record Oil, Empty Tanks: The UAE's Miracle Recovery Authored by Larry Johnson via Sonar21.com Good news, everyone. The war is over, at least in the United Arab Emirates. That is the only conclusion you could draw from this month’s headlines. On October 14, Bloomberg reported the International Energy Agency’s estimate that UAE oil supply hit a record 5.3 million barrels a day in September. Fujairah, the port the Emirates built so they would never have to worry about the Strait of Hormuz, loaded a record 2.62 million barrels a day. The giant Ruwais refinery was declared back at ful

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