Environment and Energy
UAE Left OPEC to Pump More as End of Oil Era Looms, Presidential Adviser Says
The UAE ended its nearly 60-year OPEC membership on May 1, viewing the world as near the "autumn of the hydrocarbon age." According to Anwar Gargash, adviser to UAE President Sheikh Mohamed bin Zayed Al Nahyan, the exit was driven by OPEC production quotas constraining output below capacity. The UAE plans to raise production from 3.5 million bpd to 5 million bpd by 2027, maximizing oil revenues while the hydrocarbon era persists.
