UAE ready to raise oil supply by 1 mn barrels per day: state firm

The United Arab Emirates' national oil company on Wednesday said it was ready to boost its oil supplies by around one million barrels per day amid a price war.

"In line with our production capacity growth strategy ... we are in a position to supply the market with over four million barrels per day in April," Abu Dhabi National Oil Co said in a statement.

"In addition, we will accelerate our planned five million bpd (output) capacity target," ADNOC said.