UAE oil production could reach 5 million barrels per day if it operates unconstrained after leaving OPEC, Reuters analyst says.
The UAE’s decision to quit OPEC could allow its oil production to reach as high as five million barrels a day, according to Reuters analyst Simon, if it operates unconstrained like a private sector oil company.
What happened
The UAE’s decision to quit OPEC could allow its oil production to reach as high as five million barrels a day, according to Reuters analyst Simon, if it operates unconstrained like a private sector oil company.
Quick reaction
One tap helps tune what we surface next.
Reader discussion
Public commentsNo comments yet. Start the discussion around this signal.
Follow this signal
Get updates on this story
We will email you if this changes materially. No spam. Daily brief optional.
Map context
Open map near United Arab Emirates
Keep the story in context with nearby live signals, countries, and category movement.
Related coverage
More story pages
Abu Dhabi shocks oil markets, exits OPEC. The UAE's departure suggests urgency to boost production, a Bloomberg columnist writes.
Abu Dhabi made a shock departure from OPEC, indicating urgency to increase oil production while it still can, according to a Bloomberg columnist.
The United Arab Emirates has officially withdrawn from OPEC. The move follows recent internal tensions within the oil-producing bloc, though global crude prices have remained stable following the announcement.
The United Arab Emirates has withdrawn from the Organization of the Petroleum Exporting Countries (OPEC).
President Donald Trump met with energy company executives on Tuesday to discuss domestic production, Venezuela, oil futures, natural gas, and shipping.
President Donald Trump met with energy company executives on Tuesday to discuss domestic production, Venezuela, oil futures, natural gas, and shipping.
Brent crude tops $115 as Strait of Hormuz disruption persists
The key global oil contract tops $115 as the Strait of Hormuz impasse continues.
More live signals
Continue with the live feed.
The fastest nearby updates load from the public feed, not the enriched story endpoint.