Opec's global crude output share could fall from 35% to 31% without UAE: EIA

AI Summary

The UAE's departure from OPEC has led to a decline in the group's share of global crude oil production, falling from 35% to 31%, according to the U.S. Energy Information Administration. This shift impacts global energy markets and production capacity.

New Delhi: The United Arab Emirates' (UAE) exit from Opec has reduced the group's share in global crude oil production and production capacity, according to...