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UAE Energy Minister Defines New Strategy To Meet Global Oil Demand Post-OPEC Exit

by THEFUTURE.TEAM

May 5, 2026

The United Arab Emirates outlined its oil production approach following its exit from OPEC during an industrial conference in Dubai, positioning its strategy around meeting global demand while continuing cooperation with other producers.

Positioning In Global Energy Markets

At the conference, Suhail Al Mazrouei, Minister of Energy, emphasized that the country intends to produce oil in line with what global markets require, noting that the UAE remains committed to its partners and ongoing collaboration with other oil-producing nations. He added that production decisions will be guided by demand dynamics rather than formal output constraints.

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Regional Dynamics

At the same time, relations with Saudi Arabia continue to evolve, as both countries pursue differing approaches to oil policy, regional positioning, and economic strategy. Within this context, the UAE has framed its departure from OPEC as a sovereign decision, not directed at any specific country, while maintaining working relations across the region.

Market Implications And Industry Perspective

The move has prompted discussion among analysts about potential implications for OPEC’s role and broader supply dynamics. A shift toward more flexible production strategies could influence pricing and competition in global oil markets. Addressing these concerns, Al Mazrouei pointed to a model that balances global demand with domestic priorities, while Sultan Al Jaber, Chief Executive Officer of ADNOC, described the decision as one that strengthens the country’s capacity to invest and expand within the energy sector.

Outlook

The UAE has indicated that its exit from OPEC and OPEC+ was conducted on cooperative terms, with continued engagement across international energy markets. As this approach develops, attention will focus on how production decisions evolve and how they may influence global oil supply and pricing.

The Future Forbes Realty Global Properties

AI In Practice Brings Business Leaders Together To Learn, Unlearn And Relearn

by News Editor

October 16, 2026

AI in Practice: Changing the Future of Business takes place on Monday, 19 October 2026, at the Cultural Center of European University Cyprus in Nicosia, under the auspices of the Chief Scientist of Cyprus, Demetris Skourides.

Organised by Panis.News with co-organisers GrantXpert Consulting and Future Skills Hub at European University Cyprus, the event will bring together founders, SME owners and senior executives to examine practical uses of artificial intelligence.

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The evening runs from 18:00 to 22:30. Tickets will be available until 12:00 noon on Monday, 19 October, Cyprus time.

For business leaders, the challenge is deciding where AI can deliver results. The programme will explore how to identify useful applications, prepare teams and connect technology investment with business needs. Demonstrations, case studies and direct questions to speakers will help attendees assess their next steps.

Panis Pieri, Founder of Panis.News, said:

“Business leaders need space to ask questions, challenge assumptions and learn from people applying AI. We created AI in Practice to make that conversation accessible and useful. We want attendees to leave with a clearer idea of what they can do next in their own businesses.”

Dr Celia Hadjichristodoulou, Founder and Managing Director of GrantXpert Consulting and Future Skills Hub, said:

“Working out where AI belongs in your business takes real thought about your customers, your processes and your people.”

AIA.Labs supports the event as the Gold Partner. Its founder, Sotiris Makrygiannis, said:

“In the 70s we learnt how to punch a card to go to work or program a timesharing computing machine, in the 80s the personal PC and office tools, in the 90s the modem and basic internet, in the 2000s mobile internet plus web shopping, and by 2010 the mobile apps. Now it’s time to learn how to practically use AI and that alone is the most disruptive thing an individual can do today. We are happy to sponsor the event because theory needs a practical application.”

The Agenda

– 18:00–18:30: Registration and networking.

– 18:30–18:50: Welcome remarks from Panis Pieri, Dr Celia Hadjichristodoulou and EUC Rector Professor Loizos Symeou.

– 18:50–19:00: Interview with Chief Scientist Demetris Skourides.

– 19:00–19:20: The AI Revolution. Why should you care? by Monica Odysseos, Head of AI and Data Lab of Grant Thornton.

– 19:20–19:40: From Business Pain Points to AI Transformation: A CEO’s Roadmap to Real Results by George Malekkos, CEO of POWERSOFT Computer Solutions & AI-Driven Business Transformation Architect & President of CITEA.

– 19:40–20:20: AI and the Future of Business: Will Your Business Be Here in 2030? by Paris Thomas, Executive Advisor on AI & Strategy, Founder at Rapid Visual / Strapivo

– 20:20–21:00: Questions and answers with the speakers.

– 21:00–22:30: Networking over drinks and bites.

The Challenge

The evening’s programme approaches the challenge from three directions.

Monica Odysseos will begin with a question that deserves a clear answer: why should you care?

Her session will explore how AI is changing the way people work, make decisions and create. Her background spans software development, accounting and applied AI, bringing both technical and business perspectives to the discussion.

George Malekkos will then examine how business problems can become starting points for AI adoption.

Where does your company lose time? Which processes cause delays? Where could you improve the customer experience?

His presentation will look at selecting useful applications, preparing teams and processes, and measuring results. For a business owner deciding where to begin, that connection between a specific problem and a measurable outcome matters.

Paris Thomas will take the discussion further with his keynote, “AI and the Future of Business: Will Your Business Be Here in 2030?”

It is a challenging question. It asks leaders to look beyond today’s workload and consider how their products, services and business models might need to change.

His hour-long session will include live AI demonstrations and enterprise case studies. It will explore how leaders can improve their current business while developing new opportunities and preparing for longer-term change.

The Event

The event will be in English.

The full programme and to book your tickets, visit: https://luma.com/ai-in-practice-cyprus

The organisers thank:

Silver Partners Growth Hacking Cyprus, RSEVEN, Mel’s Digital and Makkas Winery.
Supporters: Cyprus Computer Society, XValley Tech, Business Society Accelerator, Startup School Cyprus and Carierista.
Community Partners: EIT Community Hub Cyprus, CYENS, Women in Tech, Startup Greece, ECECT, CITEA, IET Cyprus and Cyprus_IT

Follow updates about the event on social media at #PanisMeetups