New Delhi: The United Arab Emirates’ (UAE) exit from Opec has reduced the group’s share in global crude oil production and production capacity, according to data released by the US Energy Information Administration (EIA). According to the report, Opec, including the UAE, produced an estimated 28.0 million b/d of crude oil in 2025, accounting for 35 per cent of total global crude oil production. Without the UAE, Opec’s share of world crude oil production would have been 31 per cent. It stated, “Without the UAE’s contribution, the group’s share of world total crude oil production would have been 31 per cent in 2025”. The report further stated that the broader Opec+ group accounted for about 46 per cent of global crude oil production in 2025. Excluding the UAE, Opec+’s share would have been closer to 42 per cent. Saudi Arabia remained the largest and most influential member of Opec. The country was the world’s second-largest oil producer in 2025, producing 9.3 million b/d and holding an estimated production capacity of 11.6 million b/d. The UAE announced its decision to leave Opecon April 28, 2026, with effect from May 1. Opec was formed in 1960 by Iraq, Iran, Kuwait, Saudi Arabia [...]
