The UAE’s exit from Opec could bring ‘even bigger trouble’: Chinese expert
A Chinese expert warns that the UAE's potential exit from OPEC could lead to "even bigger trouble." The article, however, primarily consists of technical details regarding data collection and vendor consent for website functionality, including cookie durations and types of data processed by companies like Index Exchang
The story so far
- Apr 28
- Apr 29
How outlets cover it
4 outletsNot rated on the left–right scale. It describes Western party politics and doesn’t fit state media or outlets outside that system, so we show ownership and country instead.
Open questions and key claims
The UAE has made significant contributions and even greater sacrifices for the benefit of all during its time in OPEC.
The UAE produced 2.9 million barrels of oil a day in 2024 according to the latest figures from Opec.
The UAE is quitting the organization to focus on national interests.
The UAE aims to increase its oil production by up to 20% by the end of 2024.
Adnoc aims to boost oil production from 3.4m barrels a day to 5m barrels by 2027.
The consequences of the UAE's exit from OPEC will be far-reaching and potentially devastating for the global economy
The UAE has one of the lowest break-even prices for oil it extracts, nearly half that of Saudi Arabia.
The UAE's decision to leave OPEC is a surprise move that has sent shockwaves through the global energy market
Who and where
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