Saudi Arabia, UAE to increase oil supply

Dubai, United Arab Emirates • Saudi Arabia steamed ahead on Wednesday with its new energy play by directing the kingdom's oil company Aramco on Wednesday to increase its maximum production capacity, while Abu Dhabi's oil and gas company ADNOC followed suit by saying it was boosting output by 25% to 4 million barrels per day.Abu Dhabi's decision to increase production comes after Saudi Arabia took steps to essentially flood the market to dominate a greater share, after major oil producer Rus