UAE could draw higher US investment on pumping more oil, J.P. Morgan says
Published on April 30, 2026.
The United Arab Emirates (UAE) has decided to leave the Organization of Petroleum Exporting Countries (OPEC) and could attract more investment from U.S. companies once it is in a position to pump more oil. The country's decision comes with no immediate implications as the Strait of Hormuz is blocked. The UAE aims to expand its capacity to 5 million barrels per day by 2027, making it capable of producing and exporting roughly 1.5 million bpd more than current levels. The loss of this capacity will significantly impact OPEC's ability to stabilise the market.
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