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UAE Leaving OPEC

Posted on 4/28/26 at 7:33 am
Posted by Free888
Member since Oct 2019
3251 posts
Posted on 4/28/26 at 7:33 am
CNBC reporting UAE has announced they’re leaving OPEC. Is this another step toward lower prices once Iran is resolved?
Posted by UptownJoeBrown
Baton Rouge
Member since Jul 2024
9564 posts
Posted on 4/28/26 at 7:35 am to
Oh wow. Reason?
Posted by Free888
Member since Oct 2019
3251 posts
Posted on 4/28/26 at 7:36 am to
Not clear yet, news came out less than 5 minutes ago.
Posted by Night Vision
Member since Feb 2018
21750 posts
Posted on 4/28/26 at 7:36 am to
Doubt they'd go to BRICS.

We have at least one base in the UAE and they buy a lot of our military equipment.
Posted by Techdave
Laffy
Member since Apr 2014
724 posts
Posted on 4/28/26 at 7:38 am to
quote:

UAE Leaving OPEC


Now that is quite interesting.... Certainly seems like a favorable move for the US
This post was edited on 4/28/26 at 7:39 am
Posted by Night Vision
Member since Feb 2018
21750 posts
Posted on 4/28/26 at 7:42 am to
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
54658 posts
Posted on 4/28/26 at 7:47 am to
Interesting
Posted by Henry Jones Jr
Member since Jun 2011
77023 posts
Posted on 4/28/26 at 7:48 am to
“HeRe’S wHy ThAtS nOt NeCeSsArIlY A gOoD tHiNg” incoming
This post was edited on 4/28/26 at 7:49 am
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
37362 posts
Posted on 4/28/26 at 7:57 am to
Really should not come as a big surprise. The Emiratis have been floating this threat for about 5 years now. Probably would not change anything overall in the oil markets. UAE would be free of obligatory production constraints that are usually led by the Saudis.
Posted by HagaDaga
Member since Oct 2020
7642 posts
Posted on 4/28/26 at 9:16 am to
When is VE announcing it?!

I wonder how opec, being essentially dismantled once the top ones drop out, will slow our gas prices from being connected to the world. Probably not as much as possible with our refineries not refining our own.

This kind of news hopefully helps the "why does VE/Iran matter to us?" understand why. Need to do some things to get us dislodged from the world web that was created.
Posted by Decatur
Member since Mar 2007
32620 posts
Posted on 4/28/26 at 9:26 am to
Posted by Night Vision
Member since Feb 2018
21750 posts
Posted on 4/28/26 at 9:34 am to
Posted by OU Guy
Member since Feb 2022
29072 posts
Posted on 4/28/26 at 9:35 am to
Donroe Doctrine







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