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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... show more

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17,079 次观看 • 5 个月前 •via X (Twitter)

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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

25,495 次观看 • 5 个月前

🚨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 RT

🚨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 RT

Afshin Rattansi

18,021 次观看 • 5 个月前

UAE leaving OPEC and OPEC+ How will it affect energy markets, and what's next for the alliances of oil-producing nations? RT speaks with Mohammad Al-Sabban, former senior adviser to the Saudi energy minister

UAE leaving OPEC and OPEC+ How will it affect energy markets, and what's next for the alliances of oil-producing nations? RT speaks with Mohammad Al-Sabban, former senior adviser to the Saudi energy minister

RT

21,166 次观看 • 5 个月前

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.

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.

Bader Al-Saif بدر السيف

14,860 次观看 • 5 个月前

Markets rattled by mixed signals An evening of reversals unsettled markets, as uncertainty persists over the Strait of Hormuz. Ongoing restrictions continue to cloud sentiment and raise concerns over supply stability. Stay ahead of the market with #Kpler Insight:

Markets rattled by mixed signals An evening of reversals unsettled markets, as uncertainty persists over the Strait of Hormuz. Ongoing restrictions continue to cloud sentiment and raise concerns over supply stability. Stay ahead of the market with #Kpler Insight:

Kpler

12,917 次观看 • 5 个月前

The UAE announced it’s leaving OPEC effective May 1 after 60 years. This is a major blow to the oil cartel’s unity — especially with the Iran conflict disrupting the Strait of Hormuz. Do you back nations leaving OPEC to produce more oil and drive prices down? A. Yes B. No

The UAE announced it’s leaving OPEC effective May 1 after 60 years. This is a major blow to the oil cartel’s unity — especially with the Iran conflict disrupting the Strait of Hormuz. Do you back nations leaving OPEC to produce more oil and drive prices down? A. Yes B. No

𝔉🅰𝒏 Karoline Leavitt

23,122 次观看 • 5 个月前

🚨 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.

🚨 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.

Sputnik India

20,639 次观看 • 5 个月前

Hormuz traffic cautiously improves Confirmed Strait of Hormuz traffic stayed active on 23 June, with 31 verified crossings across commercial and energy-linked vessels. West-to-east movements dominated, while Iranian, Omani and IMO routes all remained in use. The Strait appears operational under the US-Iran MoU, but dark-route activity and uncertainty beyond the 60-day window keep the recovery cautious. Stay ahead of the market with #Kpler Insight:

Hormuz traffic cautiously improves Confirmed Strait of Hormuz traffic stayed active on 23 June, with 31 verified crossings across commercial and energy-linked vessels. West-to-east movements dominated, while Iranian, Omani and IMO routes all remained in use. The Strait appears operational under the US-Iran MoU, but dark-route activity and uncertainty beyond the 60-day window keep the recovery cautious. Stay ahead of the market with #Kpler Insight:

Kpler

37,043 次观看 • 3 个月前

🇷🇺🇦🇪 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 次观看 • 5 个月前

Strait of Hormuz | Daily Vessel Crossings: Kpler’s Risk & Compliance tracker provides daily monitoring of vessel activity through one of the world’s most strategic maritime routes. Across 22–23 April, traffic remained low at 17 crossings of both commercial and non-commercial vessels, well below pre-crisis levels. Ongoing monitoring provides critical insight into supply flows and potential disruption risks. Stay ahead of the market with #Kpler Insight:

Strait of Hormuz | Daily Vessel Crossings: Kpler’s Risk & Compliance tracker provides daily monitoring of vessel activity through one of the world’s most strategic maritime routes. Across 22–23 April, traffic remained low at 17 crossings of both commercial and non-commercial vessels, well below pre-crisis levels. Ongoing monitoring provides critical insight into supply flows and potential disruption risks. Stay ahead of the market with #Kpler Insight:

Kpler

44,111 次观看 • 5 个月前

.＠SkyYaldaHakim: "Why did the UAE choose this moment to leave OPEC and OPEC+?" Head of Economic Research of the Gulf Research Center in Riyadh John Sfakianakis: "They want to indicate that they're becoming independent, doubling down and going at it alone." ＠SkyYaldaHakim |

.＠SkyYaldaHakim: "Why did the UAE choose this moment to leave OPEC and OPEC+?" Head of Economic Research of the Gulf Research Center in Riyadh John Sfakianakis: "They want to indicate that they're becoming independent, doubling down and going at it alone." ＠SkyYaldaHakim |

Sky News

27,478 次观看 • 5 个月前

I filmed this video in June 2023. #SaudiArabia’s energy minister Prince Abdulaziz bin Salman and the #UAE’s سهيل المزروعي walking out of OPEC hand-in-hand, in a carefully choreographed moment of unity. Behind it was a dispute over quotas the market was already watching. Today, the UAE exited #Opec+. And as it turns out, oil diplomacy works but doesn’t resolve tensions. It manages them, until it doesn’t. #oott

I filmed this video in June 2023. #SaudiArabia’s energy minister Prince Abdulaziz bin Salman and the #UAE’s سهيل المزروعي walking out of OPEC hand-in-hand, in a carefully choreographed moment of unity. Behind it was a dispute over quotas the market was already watching. Today, the UAE exited #Opec+. And as it turns out, oil diplomacy works but doesn’t resolve tensions. It manages them, until it doesn’t. #oott

Bachar EL-Halabi | بشار الحلبي

31,012 次观看 • 5 个月前

The United Arab Emirates said it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy

The United Arab Emirates said it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy

Reuters

36,380 次观看 • 5 个月前

🎥 Drop Site introduced Maysa Mustafa, our newest journalist, as she joined Ryan Grim and Sharif Abdel Kouddous on the livestream this morning. Ryan and Sharif then broke down the UAE’s region-shaking decision to leave OPEC, with Sharif placing it within the wider oil crisis triggered by the U.S.-Israel war on Iran and the effective shutdown of the Strait of Hormuz. Ryan noted the move may not immediately lower oil prices, since Abu Dhabi is already producing below its OPEC quota, with its energy sector and cash flow under significant strain following Iranian retaliation. Ryan Grim | Sharif Kouddous شريف عبد القدوس | Maysa Mustafa

🎥 Drop Site introduced Maysa Mustafa, our newest journalist, as she joined Ryan Grim and Sharif Abdel Kouddous on the livestream this morning. Ryan and Sharif then broke down the UAE’s region-shaking decision to leave OPEC, with Sharif placing it within the wider oil crisis triggered by the U.S.-Israel war on Iran and the effective shutdown of the Strait of Hormuz. Ryan noted the move may not immediately lower oil prices, since Abu Dhabi is already producing below its OPEC quota, with its energy sector and cash flow under significant strain following Iranian retaliation. Ryan Grim | Sharif Kouddous شريف عبد القدوس | Maysa Mustafa

Drop Site

29,989 次观看 • 5 个月前

.Treasury Secretary Scott Bessent: "I’m confident on the other side of this the world's going to be awash in oil. The UAE has come out of OPEC. They're going to be pumping more. OPEC just announced that they're going to be pumping more, and the U.S. has record crude deliveries."

.Treasury Secretary Scott Bessent: "I’m confident on the other side of this the world's going to be awash in oil. The UAE has come out of OPEC. They're going to be pumping more. OPEC just announced that they're going to be pumping more, and the U.S. has record crude deliveries."

Rapid Response 47

332,436 次观看 • 5 个月前

🚨 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!

🚨 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!

Eric Daugherty

83,543 次观看 • 5 个月前