UAE to Leave OPEC, How Is Its Refined Oil Output?

Erlina Fury Santika 29/04/2026 17:01 WIB

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According to OPEC data, the UAE’s refined petroleum output fluctuated throughout 2020–2024. Recently, the country announced plans to withdraw from OPEC.

Petroleum Products Output of the United Arab Emirates (2020–2024)

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Petroleum Products Output of the United Arab Emirates (2020–2024)

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Data compiled by the Organization of the Petroleum Exporting Countries (OPEC) show that the refined petroleum products output of the United Arab Emirates fluctuated during 2020–2024.

The petroleum products data include products derived from gas-to-liquids (GTL) facilities and condensate units.

In 2020, the country’s output stood at 930,000 barrels per day.

A year later, the figure increased to 1.04 million barrels per day, marking the highest level during the period observed.

From 2022 to 2024, production ranged between 910,000 and 970,000 barrels per day, as shown in the chart.

Recently, the UAE unexpectedly decided to leave OPEC this week.

According to Katadata, the decision is expected to weaken the influence of the cartel and its leader, Saudi Arabia, in the global oil market and could negatively affect oil prices in the long term. The UAE is considered the most influential OPEC member after Saudi Arabia.

According to Jorge León, Head of Geopolitical Analysis at Rystad Energy, the UAE is one of the few OPEC members with significant spare production capacity capable of influencing prices and responding to global oil supply shocks.

Spare capacity refers to idle production that can be activated quickly to address major crises. Saudi Arabia and the UAE together control most of the world’s spare capacity, which exceeds 4 million barrels per day, making them highly influential during periods of market disruption.

“Therefore, the UAE’s departure removes one of the core pillars supporting OPEC’s ability to manage the market. As a result, OPEC will become structurally weaker,” León said in a note on Tuesday (April 28), as quoted by CNBC.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."