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Josh Owens is the Content Director at Oilprice.com and a veteran energy journalist with over a decade of experience masking international energy markets and geopolitics.… The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, in accordance with estimates Crude prices had erased most of their wartime positive aspects as barrels returned to the market and fears of oversupply resurfaced. Iran is estimated to have sneaked supertankers with a complete of 12 million barrels of crude oil within the week between the tip of the us waiver on Iranian oil…
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