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Tag: Organization of the Petroleum Exporting Countries

Abu Dhabi’s OPEC exit begins its ascent of ‘peak oil’

Posted on May 1, 2026 By admin
Abu Dhabi’s OPEC exit begins its ascent of ‘peak oil’

The UAE’s actual announcement took observers by surprise’ | Photo Credit: AFP Although in recent years the United Arab Emirates (UAE) has frequently threatened to leave the Organization of the Petroleum Exporting Countries (OPEC), its actual announcement, on April 28, took observers by surprise. It was also conspicuous in its context. It provided only three…

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Gulf within: On the UAE leaving OPEC

Posted on May 1, 2026 By admin
Gulf within: On the UAE leaving OPEC

The UAE has withdrawn from the Organization of the Petroleum Exporting Countries (OPEC), a cartel that it joined in 1967, and OPEC+. It was OPEC’s fourth-largest producer (3.12 million barrels per day) and its third-largest exporter (2.88 mbd) in 2025, behind Saudi Arabia and Iraq. The Emiratis clearly sought to free themselves of production constraints…

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