U.A.E. exits OPEC to reach 5 million bpd by 2027
NewsBytes | May 2, 2026 11:39 AM CST
U.A.E. pipeline bypasses Strait of Hormuz
The U.A.E.'s exit could shake up the regional oil scene and might even impact global prices.
Abhinav Tiwari from Bonanza points out that their Abu Dhabi pipeline cleverly avoids the Strait of Hormuz, making exports safer.
Meanwhile, Dhaval Popat notes this is a real test for OPEC+'s unity and could help countries like India save on import costs, so it's not just about oil, but bigger shifts in global energy strategies too.
READ NEXT
-
HCL World Tennis Tour ITF W15 Delhi Sees Intense Quarterfinal Battles And Thrilling Wins
-
MS Dhoni Nears Comeback As Michael Hussey Confirms Strong Recovery From Calf Injury
-
Odisha Class 10 Result 2026: Board Of Secondary Education, Odisha To Announce AHSC Scores Today At 4 PM; Link Activate At 6 PM
-
NEP 2020 Transition Causes Initial Shortage, NCERT Ramps Up Class 9 Textbook Production Nationwide
-
Maharashtra Board HSC Result 2026: List Of Websites To Access Class 12 Scores
