Energy & Petrochemicals #oil#opec
OPEC Global Crude Share Could Drop to 31% Without UAE, EIA Data Shows
The United Arab Emirates' departure from OPEC could reduce the group's share of global crude oil production from 35% to 31%, according to US EIA data. The exit, effective May 1, 2026, also impacts the OPEC+ alliance's share and comes amid significant production disruptions from the Strait of Hormuz closure.
Jun 24, 2026 1 source
