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🚨BREAKING: UAE🇦🇪 EXITS OPEC AND OPEC+, OPEC LOSES ITS THIRD LARGEST PRODUCER The UAE announced its withdrawal from OPEC after more than five decades, effective on the 1st of May. The UAE is a founding member, having joined in 1967, four years before the UAE itself was established. The... UAE said the move reflects its national interest and its role in meeting market needs at a time when the Strait of Hormuz crisis has disrupted energy flows and kept oil prices elevated, and forecasted higher energy demand in the future. The UAE has ambitions to increase production from 3.4 million barrels per day to five million by 2027, which OPEC quotas would have constrained. The UAE’s decision to leave OPEC and OPEC+ is a fundamental reordering of the global energy market, and a further shift towards multipolarity, with the UAE positioning itself to be at the forefront of meeting rising global energy demand. OPEC has long declined in its geopolitical power, and the UAE has decided to forge its own path with having no limits on increasing production, as the world reels from the energy shock unleashed by the Trump-Netanyahu war of aggression against Iran. The UAE is not the first in the GCC to leave OPEC, with Qatar leaving in 2019. The propaganda headlines you’ll be seeing of a UAE-Saudi conflict over the decision will likely amount to hot air. There will inevitably be short-term energy price instability, but countries around the world will rush to secure deals with the UAE to offset a major economic crisis caused by the war on Iran and the closure of the Strait of Hormuz. The international institutions of old are increasingly irrelevant, and OPEC is widely seen as the organisation of yesterday. The future will likely involve energy institutions and mechanisms within BRICS, to facilitate stable energy prices in a multipolar world. The UAE’s exit from OPEC is just one step closer in that direction. With China and the global south set to drive economic growth this century, the UAE is now well-positioned to benefit from multipolarity, free of production caps, as long-term energy demand will continue climbing, as the nations of the global south develop their economies and increase living standards for their people. My live segment on RTshow more

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The UAE has announced it will leave #OPEC and OPEC+ effective May 1, marking a notable shift in its long term energy strategy. Amena Bakr , Head of Middle East Energy and OPEC+ at Kpler, provides analysis on the drivers behind the decision and its broader implications for #oil markets. Stay ahead of the market with #Kpler Insight:

The UAE has announced it will leave #OPEC and OPEC+ effective May 1, marking a notable shift in its long term energy strategy. Amena Bakr , Head of Middle East Energy and OPEC+ at Kpler, provides analysis on the drivers behind the decision and its broader implications for #oil markets. Stay ahead of the market with #Kpler Insight:

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17,037 views • 1 month ago

The UAE has announced it’s withdrawing from OPEC and OPEC+. Al Jazeera’s Michael Appel outlines the significance of the announcement and its likely impact on the energy market.

The UAE has announced it’s withdrawing from OPEC and OPEC+. Al Jazeera’s Michael Appel outlines the significance of the announcement and its likely impact on the energy market.

Al Jazeera English

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The UAE decision to exit OPEC has been long in the making. The UAE has been quite open about its focus on holistic energy solutions. It also speaks to the UAE worldview and attitudes toward multilateralism which has been under strain in the past few years. The Gulf states agree on a prosperous region but diverge on the means to achieving it, and this is playing out in oil policy. The UAE exit does not preclude its cooperation with OPEC.

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14,860 views • 1 month ago

The UAE energy minister Mazroui on the decision to exit Opec and how it was received

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🚨 BREAKING NEWS: UAE to exit OPEC and OPEC+ starting from 1 May After 50+ years as a founding heavyweight, the UAE is walking away from the world's most powerful oil cartel. Official statement via WAM says it's a strategic move for "long-term economic vision" and full production flexibility amid Gulf disruptions. Why this shakes the planet OPEC and OPEC+ control ~40% of global oil output and sets the quotas that literally move the price of every barrel on Earth. Their decisions dictate what you pay at the pump, inflation in your grocery bill, stock markets, airlines, shipping — basically the entire global economy runs on their rhythm.

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🚨🇦🇪 The UAE is becoming more assertive and willing to break the rules. Professor Abdulkhaleq Abdulla says leaving OPEC reflects a shift toward protecting its own national interests first. He argues the Iran war was the start of a more independent UAE. "I wouldn't be surprised to see other countries soon leave OPEC." Abdulkhaleq Abdulla

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46,812 views • 1 month ago

How Trump just broke the OPEC, the UAE is walking away from the cartel and a new energy world order is about to begin! Chapters: 0:00 The Exit That Changes Everything 0:53 Why the UAE Walked Away 2:11 The Pipeline That Broke the Cartel 3:02 OPEC Was Already Fractured 5:05 The Global Energy Shock Begins 8:00 The New Power in Oil Markets

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The UAE has announced it will withdraw from OPEC and OPEC+. The move comes as Gulf countries face unprecedented economic disruption from the US and Israel war with Iran. Al Jazeera’s Dominic Kane reports.

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My take on the UAE leaving OPEC: "It did not surprise me. I was a member of the UAE Financial Advisory Council (2008-14). At that time, my model for the optimum depletion rates indicated that the UAE should be pumping MORE, not LESS, and that the UAE should ignore OPEC quotas."

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24,022 views • 1 month ago

BOLLING: UAE out of OPEC May 1. Likely tied to Bessent and the dollar swap line. Not a loan, a way to keep the petrodollar global. If UAE leaves, Qatar could follow, even the Saudis. It’s over. OPEC is a cartel that price fixes oil. They don’t lower prices, they raise them and line their pockets.

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23,831 views • 1 month ago

🚨 JUST NOW: Sec. Scott Bessent reveals the United Arab Emirates LEAVING OPEC could be HUGE for gas prices "I am confident on the other side of this the world is going to be awash in oil. The UAE has come out of OPEC, they are going to be pumping more!" "OPEC just announced they are going to be pumping more and the US has record crude deliveries." "We are the number one energy superpower in the world and we have never delivered so much crude." LFG!

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Eric Daugherty

83,383 views • 1 month ago

#WATCH | Abu Dhabi, UAE: Ahead of PM Modi's visit, UAE Minister of State for International Cooperation, Reem Al Hashimy says, "I think especially today, energy is compromised around the world because energy has also been weaponised by the Strait of Hormuz being taken hostage effectively, which is something the international community is also looking to address. By doing so, you are having many people all around the world - including in India, really struggle with basic household needs. That is something that will certainly feature in our conversations tomorrow. But more importantly, it is important to highlight that the UAE has always been, and continues to be, a responsible global player in the energy space which also explains a little bit why the UAE decided to exit OPEC a couple of weeks ago and really the primary reason for that would be that we were not producing to the full potential of what we are able to and particularly at this time when there is such challenges in supply, the UAE wants to be able to continue to play that responsible global partnership role."

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ANI

17,937 views • 1 month ago

$🇺🇸🇦🇪 Every American president for 50 years has complained about OPEC. Now, the cartel is starting to fall apart. But the impact on the U.S. is far more complicated than Washington is letting on. The UAE's exit weakens OPEC's ability to coordinate production cuts, and once the Strait of Hormuz reopens, the UAE could add over a million barrels per day to global supply. That sounds like a win for American consumers at the pump, and it is. But the U.S. is now the world's largest oil producer, accounting for 14% of global oil exports with Hormuz closed… Meaning their energy companies have been printing money of late, and a meaningful price drop hits their margins hard. There is also a structural argument that gets overlooked: OPEC, for all its faults, has historically acted as a stabilizing force, stepping in to manage wild price swings in either direction. A fragmented OPEC with rampant cheating and no coordination creates volatility, and volatility makes long-term investment in energy infrastructure nearly impossible. So the U.S. gets cheaper gas, weaker shale profits, less market stability, and a shifting global oil order with no clear replacement for the coordination mechanism that just started breaking apart. The knife Jimmy Carter once said OPEC held at America's neck is dulling, yet the fallout from this fractured alliance may come with its own set of problems. Source: The Economist$

🇺🇸🇦🇪 Every American president for 50 years has complained about OPEC. Now, the cartel is starting to fall apart. But the impact on the U.S. is far more complicated than Washington is letting on. The UAE's exit weakens OPEC's ability to coordinate production cuts, and once the Strait of Hormuz reopens, the UAE could add over a million barrels per day to global supply. That sounds like a win for American consumers at the pump, and it is. But the U.S. is now the world's largest oil producer, accounting for 14% of global oil exports with Hormuz closed… Meaning their energy companies have been printing money of late, and a meaningful price drop hits their margins hard. There is also a structural argument that gets overlooked: OPEC, for all its faults, has historically acted as a stabilizing force, stepping in to manage wild price swings in either direction. A fragmented OPEC with rampant cheating and no coordination creates volatility, and volatility makes long-term investment in energy infrastructure nearly impossible. So the U.S. gets cheaper gas, weaker shale profits, less market stability, and a shifting global oil order with no clear replacement for the coordination mechanism that just started breaking apart. The knife Jimmy Carter once said OPEC held at America's neck is dulling, yet the fallout from this fractured alliance may come with its own set of problems. Source: The Economist

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81,773 views • 1 month ago

🇷🇺🇦🇪 Russia respects UAE's decision to withdraw from OPEC+ — Kremlin spokesperson Dmitry Peskov "We respect this and welcome statements that Abu Dhabi will continue to take a responsible position in energy markets. We look forward to continuing productive, constructive, and effective contacts with the UAE" He emphasized that Russia has no intensions of leaving OPEC+ and that UAE's move is a sovereign decision

🇷🇺🇦🇪 Russia respects UAE's decision to withdraw from OPEC+ — Kremlin spokesperson Dmitry Peskov "We respect this and welcome statements that Abu Dhabi will continue to take a responsible position in energy markets. We look forward to continuing productive, constructive, and effective contacts with the UAE" He emphasized that Russia has no intensions of leaving OPEC+ and that UAE's move is a sovereign decision

Lord Bebo

13,765 views • 1 month ago

"If just [Saudi Arabia and United Arab Emirates] start maxing out their production, which they can do by the end of this year, Iran's oil market is completely irrelevant." Carl Higbie explains how the UAE leaving OPEC puts the United States in the position for global energy dominance.

"If just [Saudi Arabia and United Arab Emirates] start maxing out their production, which they can do by the end of this year, Iran's oil market is completely irrelevant." Carl Higbie explains how the UAE leaving OPEC puts the United States in the position for global energy dominance.

NEWSMAX

179,925 views • 1 month ago