Iraq is projected to increase its oil production by 34.1% in 2027, followed by the UAE at 33%, Kuwait at 26.3%, Bahrain at 15.7%, and Saudi Arabia at 14.5%. This surge comes after significant production cuts due to the Iran war and the closure of the Strait of Hormuz, which previously disrupted over 10 million bpd of global supply. The overall oil production in OPEC has reached a 26-year low due to these disruptions.
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