RE: UAE leaves OPEC in major blow to global oil producers' group28 Apr 2026 16:00
Hmmm .........
The UAE's exit from OPEC (effective May 1, 2026) allows it to accelerate investment in domestic energy capacity and increase oil production, aiming to leverage infrastructure to bolster its national economic strategy. While immediate gains are hindered by maritime disruptions, the long-term impact involves higher revenue to fund infrastructure diversification, including increased investments in renewable energy and power generation modernization