The UAE’s OPEC exit frees up oil wealth as it bets big on AI
The UAE's exit from OPEC allows it to unlock over $61 billion annually in oil revenue, which will be redirected towards artificial intelligence investments. This move enables the UAE to increase its oil and natural gas production, providing essential energy for data centers. State-backed funds are significantly investing in AI infrastructure, positioning the UAE as a key player in the global AI economy.
- ▪The UAE's departure from OPEC frees up more than $61 billion a year in oil revenue.
- ▪ADNOC announced $55 billion in accelerated spending on oil production and refining shortly after exiting OPEC.
- ▪The UAE is investing heavily in AI infrastructure, with state-backed funds spending up to $10 billion a year on AI deals.
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Innovation The UAE’s OPEC exit frees up oil wealth as it bets big on AI More oil revenue means deeper pockets for the UAE’s AI investment funds, and more gas means more electricity for its data centers. iStock iStock By Indranil Ghosh 20 May 2026 • Abu Dhabi, United Arab Emirates The UAE’s OPEC exit unlocks more than $61 billion a year in revenue and expands its natural gas supply.UAE’s state-backed funds are spending billions on AI deals while its state oil company is expanding its gas investments in the U.S. The United Arab Emirates quit the world’s most powerful oil cartel on May 1, freeing billions in oil revenue while placing its biggest bet yet on artificial intelligence.
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