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Started By
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DJT is the GOAT. He's done it again. UAE is leaving OPEC ...
Posted on 4/28/26 at 1:54 pm
Posted on 4/28/26 at 1:54 pm
quote:
The United Arab Emirates (UAE) has announced it will exit OPEC and OPEC+ effective May 1, 2026, ending nearly 60 years of membership in a move that significantly weakens the oil-producing alliances. The decision, confirmed on April 28, 2026, was described as a sovereign national decision aligned with the UAE’s long-term energy strategy, production capacity goals, and national interests.
Key reasons for the exit include frustration over production quotas that limited the UAE’s output despite its capacity to produce more—reportedly up to 4 million barrels per day, with ambitions to reach 5 million by 2027. Tensions with Saudi Arabia, uneven compliance by other OPEC members, and perceived lack of political and military support from Gulf allies during the Iran conflict further contributed to the decision. The UAE’s energy minister, Suhail Al Mazrouei, emphasized that leaving the cartel would give the country greater flexibility to meet global energy demand without being bound by group obligations.
The UAE is OPEC’s third-largest producer, contributing about 15% of the cartel’s capacity.
The exit delivers a major blow to Saudi Arabia’s leadership within OPEC and raises doubts about the group’s future cohesion.
The move is seen as a political win for U.S. President Donald Trump, who has long criticized OPEC for inflating oil prices.
Despite the exit, the UAE pledged to act responsibly, gradually increasing production in line with market demand.
Immediate market impact may be limited due to ongoing disruptions in the Strait of Hormuz, but long-term volatility is expected.
We don't deserve that magnificent orange bastard.
7
Posted on 4/28/26 at 2:04 pm to scrooster
quote:
We don't deserve that magnificent orange bastard.
Bro has had his fair share of self-inflicted gaffes. But overall, his body of accomplishments is still absolutely astonishing.
Posted on 4/28/26 at 2:09 pm to TigerAxeOK
Watch what this does to the Chinese and Russian backed BRICS and UNITs over time.
India has already bailed. The UAE will be the dagger.
The Dollar will continue to reign supreme.
That's bigger for the U.S. than most realize.
India has already bailed. The UAE will be the dagger.
The Dollar will continue to reign supreme.
That's bigger for the U.S. than most realize.
Posted on 4/28/26 at 2:10 pm to scrooster
You do realize they have been wanting to break away for the last 5 years. It's much ado about nothing. So long as you have the Saudis and Russians in agreement - mostly, their potential extra million bbl a day is not going to affect us all that much. If MbS opens the spigot again it could potentially be a problem for them. But in a stable market, it's kind of a neutral move for the US and Europe.
ChiComs may welcome the excess
ChiComs may welcome the excess
Posted on 4/28/26 at 2:10 pm to TigerAxeOK
quote:
But overall, his body of accomplishments is still absolutely astonishing.
not according to clark14 in link below. you will see how i lit him up with facts. These are the delusional morons we are dealing with who cannot accept his accomplishments.
LINK
Posted on 4/28/26 at 2:20 pm to scrooster
quote:
Watch what this does to the Chinese and Russian backed BRICS and UNITs over time.
India has already bailed. The UAE will be the dagger.
The Dollar will continue to reign supreme.
That's bigger for the U.S. than most realize.
And there are still people asking for proof of any successes to the Iran conflict. >chucklegif<
Posted on 4/28/26 at 2:20 pm to scrooster
It doesnt matter what UAE does. If their one and export line to the rest of the globe is shut off, their country won't be worth scrap metal.
I assume this is them throwing another ego lifeline to the US hoping for an inevitable bailout.
I assume this is them throwing another ego lifeline to the US hoping for an inevitable bailout.
Posted on 4/28/26 at 3:03 pm to scrooster
He is an amazing leader. Like him or hate him, he gets the hard work done.
Posted on 4/28/26 at 3:22 pm to scrooster
how is this a positive for America? because UAE can produced more oil and not follow OPEC quotas? allegedly ab 1mmbbl/d more? all of which is locked up behind the strait of hormouz?
Posted on 4/28/26 at 3:41 pm to hubertcumberdale
quote:
how is this a positive for America? because UAE can produced more oil and not follow OPEC quotas? allegedly ab 1mmbbl/d more? all of which is locked up behind the strait of hormouz?
1 - it destabilizes the long time OPEC cabal. Those of us old enough to remember the embargo of the 70s, and the price fixing since, get it.
2 - it will, eventually, drive down costs at the pump because of increased supply.
3 - it severely damages China, Russia, and OPEC's BRICS and UNITs plans.
4 - it strengthens our relationship with the UAE on several fronts, and it makes the Saudis come to the table on others. The Saudis do not want to be outdone, especially in Trump's eyes, by the UAE ... or Qatar for that matter. Trump has most of the Middle East jockying for position right now.
Posted on 4/28/26 at 3:45 pm to scrooster
quote:
1 - it destabilizes the long time OPEC cabal. Those of us old enough to remember the embargo of the 70s, and the price fixing since, get it.
US is producing more oil than any country in history, its not the 70s anymore (hydraulic fracturing)
quote:
2 - it will, eventually, drive down costs at the pump because of increased supply.
Can OPEC not cut 1mmbbls/d to make up for UAE's extra capacity?
quote:
3 - it severely damages China, Russia, and OPEC's BRICS and UNITs plans.
how so?
quote:
4 - it strengthens our relationship with the UAE on several fronts, and it makes the Saudis come to the table on others. The Saudis do not want to be outdone, especially in Trump's eyes, by the UAE ... or Qatar for that matter. Trump has most of the Middle East jockying for position right now.
How would the saudis be "outdone" by UAE? What are the ME jockeying for? The ability to produce at their max capacity?
Posted on 4/28/26 at 3:48 pm to hubertcumberdale
quote:
allegedly ab 1mmbbl/d more? all of which is locked up behind the strait of hormouz?
Because the strait will be locked up forever and pipelines don't exist...
Posted on 4/28/26 at 3:49 pm to scrooster
quote:
The Dollar will continue to reign supreme.
That's bigger for the U.S. than most realize.
This is something all the people complaining about Trump's foreign policy can't understand.
Posted on 4/28/26 at 3:53 pm to scrooster
quote:
The UAE can bypass the Hormuz chokepoint, and Saudi Arabia can pump oil to the Red Sea via their east/west pipeline. If Trump keeps the blockade against Iranian oil shipments in place, the UAE and Saudi Arabia can fill the global oil void; however, they need to get outside the OPEC restrictions to do it.
Thus, the UAE exiting OPEC makes strategic sense both now and in the geopolitical longer term. However, in the short run the UAE needs financial stability as the switch is done. Enter Scott Bessent with the currency swap lines for the UAE.
Brilliant planning. Iran just lost all their leverage.
LINK
This post was edited on 4/28/26 at 3:55 pm
Posted on 4/28/26 at 4:38 pm to scrooster
UAE is going to drive the price of oil way down, produce all they want with no restrictions
Posted on 4/28/26 at 4:51 pm to Jack Ruby
quote:
It doesnt matter what UAE does. If their one and export line to the rest of the globe is shut off, their country won't be worth scrap met
UAE leaving OPEC is monstrous. Big shift in Gulf dynamics. I understand why you wouldn't think so, as it really does make Trump look good.
Posted on 4/28/26 at 4:55 pm to hubertcumberdale
Trump has broken so many of you that you can’t even be happy for your country or yourself and your family.
It’s truly a sad place to be.
It’s truly a sad place to be.
Posted on 4/28/26 at 7:50 pm to hubertcumberdale
quote:
by hubertcumberdale
Here ... you know everything.
I'll just leave this here, posted after I posted the above, this is the "experts'" take. You may email them and explain to them why they, and I, are all wrong.
UAE’s shock OPEC exit: What it means for the oil cartel’s future and for crude prices.
https://www.cnbc.com/2026/04/28/oil-uae-opec-saudi-arabia.html
Note, that article was posted hours after I posted a similar breakdown above.
quote:
The UAE’s exit from OPEC will undermine the cartel’s ability to influence the oil market.
This is because the UAE is second only to Saudi Arabia when it comes to spare production capacity, a crucial tool used to influence the market.
It also deals a blow to Saudi Arabia’s ability to manage OPEC.
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