{"id":26117,"date":"2026-06-24T20:26:49","date_gmt":"2026-06-24T14:56:49","guid":{"rendered":"https:\/\/banitoday.com\/oil-math-opecs-global-crude-share-could-slip-from-35-to-31-without-uae\/"},"modified":"2026-06-24T20:26:49","modified_gmt":"2026-06-24T14:56:49","slug":"oil-math-opecs-global-crude-share-could-slip-from-35-to-31-without-uae","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/oil-math-opecs-global-crude-share-could-slip-from-35-to-31-without-uae\/","title":{"rendered":"Oil math: OPEC\u2019s global crude share could slip from 35% to 31% without UAE"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-131970474,imgsize-48672,width-400,height-225,resizemode-4\/what-uae39s-exit-from-opec-means-for-worlds-energy-markets.jpg\" alt=\"Oil math: OPEC\u2019s global crude share could slip from 35% to 31% without UAE\" title=\"Representational image\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>UAE, one of the oil market\u2019s heavyweight players, stepped out of OPEC and questions are rising over what the move could mean for the group\u2019s energy production.<span class=\"id-r-component br\" data-pos=\"1\"\/>The United Arab Emirates\u2019 departure from OPEC has already trimmed the group\u2019s share of global crude oil output and production capacity, according to data released by the US Energy Information Administration.<span class=\"id-r-component br\" data-pos=\"5\"\/>The report said that OPEC, including the UAE, produced an estimated 28.0 million barrels per day (b\/d) of crude oil in 2025, accounting for 35% of total global production. Without the UAE\u2019s contribution, that share would have fallen further to 31%.<span class=\"id-r-component br\" data-pos=\"7\"\/>\u201cWithout the UAE\u2019s contribution, the group\u2019s share of world total crude oil production would have been 31% in 2025,\u201d the report noted.<span class=\"id-r-component br\" data-pos=\"9\"\/>On a wider scale, the OPEC+ alliance accounted for about 46% of global crude oil production in 2025. <!-- -->Excluding the UAE, that figure would have eased to around 42%, highlighting the country\u2019s meaningful role in the bloc\u2019s overall output balance.<span class=\"id-r-component br\" data-pos=\"14\"\/>Saudi Arabia remained the largest and most influential member of OPEC. In 2025, it was the world\u2019s second-largest oil producer, with output of 9.3 million b\/d and an estimated production capacity of 11.6 million b\/d.<span class=\"id-r-component br\" data-pos=\"16\"\/>The UAE announced its decision to leave OPEC on April 28, 2026, with the exit taking effect from May 1. OPEC was formed in 1960 by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela to coordinate petroleum policies among member countries and remains one of the most influential groups in the global oil market.<span class=\"id-r-component br\" data-pos=\"20\"\/>The UAE joined OPEC as the emirate of Abu Dhabi in 1967 and, as of 2025, held the third-largest crude oil production capacity within the group after Saudi Arabia and Iraq. The country produced an average of 3.4 million barrels per day (b\/d) of crude oil and had an estimated effective production capacity of 4.2 million b\/d in 2025.<span class=\"id-r-component br\" data-pos=\"23\"\/>The report also highlighted the impact of the conflict in Iran and the effective closure of the Strait of Hormuz, which has significantly disrupted oil production and exports across the region.<span class=\"id-r-component br\" data-pos=\"25\"\/>According to EIA estimates, crude oil production disruptions linked to the Strait of Hormuz closure could rise from 8.89 million b\/d in March 2026 to 10.52 million b\/d in April and 11.25 million b\/d in May.<span class=\"id-r-component br\" data-pos=\"27\"\/>Iraq is estimated to face production shut-ins of 3.19 million b\/d in May 2026, while Saudi Arabia could see disruptions of 3.29 million b\/d. Kuwait may witness shut-ins of 1.98 million b\/d and the UAE 1.35 million b\/d during the same period.<span class=\"id-r-component br\" data-pos=\"29\"\/>The report noted that the UAE and Saudi Arabia were the only regional OPEC countries able to reroute crude oil exports around the Strait of Hormuz following the disruption.<span class=\"id-r-component br\" data-pos=\"31\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/oil-math-opecs-global-crude-share-could-slip-from-35-to-31-without-uae\/articleshow\/131970454.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UAE, one of the oil market\u2019s heavyweight players, stepped out of OPEC and questions are rising over what the move could mean for the group\u2019s energy production.The United Arab Emirates\u2019 departure from OPEC has already trimmed the group\u2019s share of global crude oil output and production capacity, according to data released by the US Energy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26117","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/26117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=26117"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/26117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/26118"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=26117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=26117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=26117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}