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Digital nomads: Work from home becomes work from anywhere

Digital nomads: Work from home becomes work from anywhere

The pandemic has upended the way of working for millions of people that are fortunate enough to be able to work from home. For some people that's meant a full transition to WFH, for others it may mean a few days out of the office per week.

The rise of digital nomads

The more extreme version of working from home, is working from anywhere. The pandemic accelerated a trend that had been gaining popularity as early as 2018 — the idea of being a "digital nomad" — that is someone who can work fully remotely thanks to the internet, and often moves about frequently, either from city to city or even country to country (COVID permitting).

The term digital nomad was first coined back in 1997, but it's taken a lot longer to gain significant traction. There are now more than 1.1 million members to the forum r/digitalnomad on social media site Reddit — which is home to many communities including, most notably, r/wallstreetbets.

For tech-savvy workers able to work remotely, the pandemic has removed even more barriers to becoming a digital nomad. It's now fully acceptable to take Zoom calls from odd locations, and as internet connectivity continues to improve it seems inevitable that more people will decide to keep working as they travel if they can — rather than having a hard stop or reset in their career — even if it's only temporary. Any digital nomads reading this? Let us know!

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The UAE’s OPEC exit will hit the group in the barrels

After just shy of 60 years in OPEC, its membership even predating its status as a nation-state, the United Arab Emirates yesterday announced its shocking departure from the oil production group, effective May 1, as the knock-on effects of the Iran war continue to play out across the Middle East and the energy landscape.

For context, the UAE produces the third-highest amount of oil in the group, per April data and OPEC’s latest set of annual statistics.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

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