UAE Left OPEC to Pump More as End of Oil Era Looms, Presidential Adviser Says
Low Severity
Global
Date OccurredMay 22, 202613:09 UTC
Event TypeMaritime & Logistics
SourcegCaptain
RecordedMay 22, 2026
Full Description
The UAE's decision to leave OPEC was three years in the making and is based on its view the world is near the “autumn of the hydrocarbon age”, meaning the country needs to maximize oil revenues while