UAE Leaving OPEC After 60 Years, Targets 5M Barrels/Day by 2027 vs 3.4M Quota

UAE leaving OPEC marks the end of a six-decade alliance that helped shape global oil markets. The United Arab Emirates announced on Tuesday it will exit the Organization of the Petroleum Exporting Countries effective May 1, 2026, abandoning production quotas that capped output at just 3.4 million barrels per day. The country now aims to […]