{"id":660322,"date":"2026-05-02T11:10:30","date_gmt":"2026-05-02T05:40:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=660322"},"modified":"2026-05-02T11:10:30","modified_gmt":"2026-05-02T05:40:30","slug":"uae-exit-from-opec-how-will-it-impact-crude-prices-market-dynamics-oil-cartels-future-and-geopolitics","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/uae-exit-from-opec-how-will-it-impact-crude-prices-market-dynamics-oil-cartels-future-and-geopolitics\/","title":{"rendered":"UAE exit from OPEC \u2014 How will it impact crude prices, market dynamics, oil cartel&#8217;s future and geopolitics?"},"content":{"rendered":"<p>The United Arab Emirates (UAE) announced its decision to leave the Organisation of the Petroleum Exporting Countries (OPEC) on 1 May 2026, after being a member since 1967, as it looks to generate more revenue and exercise greater autonomy.<\/p>\n<p>The Middle Eastern nation currently produces around 3 million barrels per day, accounting for about 3% ofglobal oil supply, according to reports. The plan is to increase production capacity to 5 million barrels per day by 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United Arab Emirates (UAE) announced its decision to leave the Organisation of the Petroleum Exporting Countries (OPEC) on 1 May 2026, after being a member since 1967, as it looks to generate more revenue and exercise greater autonomy. The Middle Eastern nation currently produces around 3 million barrels per day, accounting for about 3% ofglobal oil supply, according to reports. The plan is to increase production capacity to 5 million barrels per day by 2027.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-660322","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/660322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=660322"}],"version-history":[{"count":1,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/660322\/revisions"}],"predecessor-version":[{"id":660323,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/660322\/revisions\/660323"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=660322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=660322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=660322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}