Barclays Sees UAE Oil Supply Growth Accelerating Post-OPEC
OilPrice.com1 min read
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After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays.
In a surprise announcement on Tuesday, the UAE said it is quitting OPEC and the wider OPEC+ alliance effective May 1, to pursue its national interests.
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Original source: OilPrice.com