2h • News
UAE leave OPEC
*BREAKING NEWS* The Emirates will leave OPEC as of May 1, 2026. This is HUGE for the region.
What it means: Abu Dhabi can now sell as much oil as they'd like at whatever price they negotiate. They can flood the market with reserves and undercut Saudi Arabia, or turn off the spigots and raise prices.
In practice it means UAE steps out of KSA's shadow to the benefit of itself, and the big consumers: US, China and India.
Lastly, it weakens the overall cartel which could have a domino effect or be the "Brexit" of the GCC.
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UAE leave OPEC
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