Abu Dhabi – May 2, 2026 In a move that could permanently reshape global energy markets, the UAE has signaled a shift away from OPEC+ production quotas to focus on "Peak Oil" extraction. Experts suggest Abu Dhabi is preparing to flood the market once the Strait of Hormuz opens, aiming to secure market share before the global transition to renewables accelerates.
The U.S. has welcomed the move, suggesting a surge in Emirati production could help "drop petrol prices like a rock" once the war with Iran concludes. However, other OPEC members warn that the move could trigger a price war that destabilizes developing oil-dependent economies.
