The UAE’s Withdrawal from OPEC and OPEC+: Economic Causes, Consequences, and Impact on the Global Oil Market
UAE leadership representatives have made this clear, citing the need to “review production policy and strengthen autonomy in managing the oil and gas sector.” The medium-term goal is to increase production by more than 30% and strengthen the UAE’s position as a key supplier to rapidly growing Asian markets, including China and India. Authorities emphasise that OPEC quotas, at a time when the country is completing large-scale investment cycles in…

