alt Hacker NewsThey represent 4.5% of oil production it seems. It will be interesting to see what this means longterm.
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moralestapia • today at 1:43 PM
4.5% most likely capped to meet OPEC agreements. There's no ceiling now (although, it will obviously not be 100% or even close).
"Oil" is not a homogeneous thing. There are different grades of oil and refineries are built to process specific grades of oil. UAE produces the so-called "Dubai Crude" oil grade, which is very sought after.