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05.06.26 - 11:54
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OPEC+ Meets After UAE Exit (Bloomberg)
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OPEC+ ministers gather on June 7 for their first bi-annual policy meeting since the United Arab Emirates left the alliance last month, against a backdrop of extraordinary disruption. While the group is expected to maintain current output plans, investors are paying attention to the UAE's bet for more independence in global oil markets. Bloomberg's Abeer Abu Omar reports. (Source: Bloomberg)...
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27.05.26 - 06:12
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Why the UAE walked away from OPEC (CNBC)
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The United Arab Emirates' decision to leave OPEC after nearly 60 years marks a major shift in the global oil order. Officially framed as an economic decision, the move reflects Abu Dhabi's frustration with production limits, its push to monetize oil reserves and a changing energy market where non-OPEC+ producers are gaining influence. But the timing also points to deeper geopolitical forces: the Iran war, shifting Gulf alliances and Abu Dhabi's closer alignment with the U.S....
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24.05.26 - 19:12
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UAE State Oil Company Head Says Hormuz Bypass Pipeline Nearly 50 Percent Complete (ZeroHedge)
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UAE State Oil Company Head Says Hormuz Bypass Pipeline Nearly 50 Percent Complete
Authored by Evgenia Filimianova via The Epoch Times (emphasis ours),
The head of the UAE's state oil company said on May 20 that a major new oil pipeline designed to bypass the Strait of Hormuz is nearly 50 percent complete, as regional tensions and competing maritime controls reshape global energy routes.
UAE Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber, who's also the managing director and group CEO of the Abu Dhabi National Oil Company, speaks via video during a presentation at the 44th annual CERAWeek by S&P Global conference at the Americas Hilton-Houston in Texas on March 23, 2026. CERAWeek by S&P Global
Sultan Ahmed Al Jaber, chief executive of the Abu Dhabi National Oil Company, said during an interview at the Atlantic Council that the project is being accelerated toward a planned 2027 completion date.
"Right now, too much of the world's energy still moves through too few choke po...
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19.05.26 - 21:09
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Nigeria Needs New Export Markets As UAE′s Exit Rattles OPEC (ZeroHedge)
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Nigeria Needs New Export Markets As UAE's Exit Rattles OPEC
By Tsvetana Paraskova of Oilprice.com
Nigeria should market its crude oil to new buyers as the UAE's decision to leave OPEC is dislocating the balance that the cartel and the OPEC+ group have been seeking for years, according to Wole Ogunsanya, chairman of the Petroleum Technology Association of Nigeria (PETAN).
The official urged Nigeria's state oil and gas firm NNPC and other producers of Nigerian crude to tap new markets.
“When OPEC gives you a quota, it's left for you to find who is going to buy it,” Nigerian outlet This Day quoted Ogunsanya as saying.
“And we have one of the best crude oil in the world. So we need NNPC and all producers to market Nigerian production,” the official added.
The abrupt exit of the United Arab Emirates from OPEC and OPEC+ would disrupt the balance the groups have been keeping for years, according to Ogunsanya.
“The decision by the UAE, which they have a sovereign right to do, is for thei...
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15.05.26 - 13:36
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UAE to complete second oil pipeline bypassing strait of Hormuz by 2027 (The Guardian)
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State oil company fast-tracks previously undisclosed project, which is expected to double export capacityBusiness live – latest updatesThe United Arab Emirates has announced it will complete a new oil pipeline bypassing the strait of Hormuz by next year to secure its future crude exports against the threat of disruption.The current blockade of the vital waterway, through which 20% of oil and seaborne gas flowed before the Iran war, is approaching the 11-week mark, sending energy prices soaring around the world and throttling Gulf economies. Continue reading......
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