The UAE just announced it’s leaving OPEC and OPEC+ effective May 1st

After almost 60 years as a member, the UAE (OPEC’s 3rd biggest producer) is exiting to pump more oil on its own — aiming for close to its full 5 million barrels per day capacity, without the cartel’s limits


Why this is huge:

It seriously weakens OPEC+’s power to control global oil supply and prices. More UAE oil flooding the market could push prices down, while showing deep cracks in the cartel at a time when Middle East tensions are already high. This changes the whole game for energy markets.

Big move. Watch the prices closely.

View Comments

News on the Net——

News from around the world