UAE energy minister
Appears in 2 stories
No longer bound by OPEC+ quotas
For decades, every OPEC+ output decision had the United Arab Emirates in the room, usually pushing to pump more. On Sunday, ministers met in Vienna without it for the first time. The UAE's exit took effect May 1 and pulled about 3.5 million barrels a day out of the group's quota math.
Updated Jun 7
Leading UAE's withdrawal and post-OPEC production strategy
The United Arab Emirates joined OPEC in 1967, when crude sold for under $2 a barrel. On May 1, 2026, after fifty-nine years, it walks out—taking roughly 13% of OPEC's production capacity, according to the International Energy Agency.
Updated May 31
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
