How UAE’s exit from OPEC presents an opportunity for India’s strategic petroleum reserves

The opportunity presented by the UAE’s exit The UAE’s exit from OPEC, once considered geopolitically unthinkable, was years in the making. Abu Dhabi’s frustration with production quotas had grown since 2023, as they prevented it from monetising its expanded upstream capacity, now exceeding 4.85 million barrels per day. The exit reflects a clear two-decade strategy: produce at full capacity before the energy transition closes the window, unencumbered by a cartel whose internal dynamics increasingly served other members’ interests. Its sovereign wealth fund, ADIA, now commands nearly $1.12 trillion in assets. The UAE-Saudi divergence, visible in their contrasting objectives in Yemen…