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Author name: Emirates 24|7

UAE exit from OPEC carries significant weight in global oil markets

date Apr 29, 2026

the UAE holds 120 billion barrels of proven reserves, according to the Abu Dhabi National oil Company. the country is also the thirdlargest producer within OPEC. prior to the outbreak of the Iran war, the UAE was producing around a million barrels.

Source: emirates247.com

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