UAE Quits OPEC, Eyes 5 Million BPD Output
UAE exits OPEC, seeking to lift production beyond quotas from 3–3.5 million bpd toward 5 million bpd, reshaping cartel influence.
28 Apr 2026
UAE exits OPEC, seeking to lift production beyond quotas from 3–3.5 million bpd toward 5 million bpd, reshaping cartel influence.
IEA chief Fatih Birol said the agency is consulting Asia and Europe on further emergency oil releases if needed.
