Quote:BREAKING ?

The United Arab Emirates, OPEC’s 3rd largest oil producer, announced it will leave OPEC and OPEC+ effective May 1.

The move would free the UAE from cartel production quotas, allowing it to pump oil at full capacity, set its own export strategy and price crude without group restrictions.

That could pave the way for higher UAE output, stronger state revenues and downward pressure on global oil prices.

Lower prices and increased supply would likely be welcomed by President Trump, who has long criticized OPEC production limits and called for cheaper energy.

Quote:OPEC: The UAE is leaving OPEC on May 1. Qatar left during Trump's first term. The 65-year-old cartel that controlled global oil prices for generations is collapsing. Trump blockaded Iran, surged US exports to record levels, & now the cartel is breaking apart. Biden begged OPEC to pump more. Trump is making OPEC irrelevant.

https://redstate.com/brad-essex/2026/04/...e-n2201775

Leave OPEC?
That'd be as stunning as someone leaving NATO.

The old structures don't all fit a new world.

Why would ANYONE be included and governed by an organization that limits their prosperity?

They shouldn’t be in it because they don’t fit the criteria.

It’s an organization for petroleum EXPORTING countries.

They ain’t exporting anything after getting the crap bombed out of their infrastructure. They’re shut down…

(04-29-2026 11:56 AM)Eagleaidaholic Wrote:  Why would ANYONE be included and governed by an organization that limits their prosperity?

Ask anyone who votes for democrats....

(04-29-2026 11:56 AM)Eagleaidaholic Wrote:  Why would ANYONE be included and governed by an organization that limits their prosperity?

Because it gave the middle east a "bloc" that pretty much controlled oil prices.

This is the 5th country to actually leave Opec i heard yesterday but it's one that hurts the most. The others weren't major oil producers by the numbers.

(04-29-2026 12:00 PM)Todor Wrote:  They shouldn’t be in it because they don’t fit the criteria.

It’s an organization for petroleum EXPORTING countries.

They ain’t exporting anything after getting the crap bombed out of their infrastructure. They’re shut down…

Unless you have a source to share that I'm not aware of, their infrastructure isn't wiped out. They did have a few drone strikes that caused some damage but they still have significant capacity to produce and export.

(04-29-2026 12:39 PM)WKUApollo Wrote:  

(04-29-2026 12:00 PM)Todor Wrote:  They shouldn’t be in it because they don’t fit the criteria.

It’s an organization for petroleum EXPORTING countries.

They ain’t exporting anything after getting the crap bombed out of their infrastructure. They’re shut down…

Unless you have a source to share that I'm not aware of, their infrastructure isn't wiped out. They did have a few drone strikes that caused some damage but they still have significant capacity to produce and export.

They got out because they were being held back on the amount they could export. They were exporting 2.75 million bbl/day.

(04-29-2026 12:00 PM)Todor Wrote:  They shouldn’t be in it because they don’t fit the criteria.

It’s an organization for petroleum EXPORTING countries.

They ain’t exporting anything after getting the crap bombed out of their infrastructure. They’re shut down…

UAE's production has been reduced by a little less than half, which is significant. However, prior to the conflict its capacity was far exceeding their previous OPEC+ quota limitations, which is why they wanted out of OPEC.

(04-29-2026 11:53 AM)The Sicatoka Wrote:  Leave OPEC?
That'd be as stunning as someone leaving NATO.

The old structures don't all fit a new world.

Exactly….

Now get the US out of NATO and the United Nations.
Two organizations that have long outlived their usefulness.

(04-29-2026 12:00 PM)Eldonabe Wrote:  

(04-29-2026 11:56 AM)Eagleaidaholic Wrote:  Why would ANYONE be included and governed by an organization that limits their prosperity?

Ask anyone who votes for democrats....

(04-29-2026 12:43 PM)Eagleaidaholic Wrote:  

(04-29-2026 12:39 PM)WKUApollo Wrote:  

(04-29-2026 12:00 PM)Todor Wrote:  They shouldn’t be in it because they don’t fit the criteria.

It’s an organization for petroleum EXPORTING countries.

They ain’t exporting anything after getting the crap bombed out of their infrastructure. They’re shut down…

Unless you have a source to share that I'm not aware of, their infrastructure isn't wiped out. They did have a few drone strikes that caused some damage but they still have significant capacity to produce and export.

They got out because they were being held back on the amount they could export. They were exporting 2.75 million bbl/day.

IIRC, they have the capacity to export double that mount...

Trump has taught the Arabs the joys of me first capitalism.

(04-30-2026 06:37 AM)stinkfist Wrote:  

(04-29-2026 12:43 PM)Eagleaidaholic Wrote:  

(04-29-2026 12:39 PM)WKUApollo Wrote:  

(04-29-2026 12:00 PM)Todor Wrote:  They shouldn’t be in it because they don’t fit the criteria.

It’s an organization for petroleum EXPORTING countries.

They ain’t exporting anything after getting the crap bombed out of their infrastructure. They’re shut down…

Unless you have a source to share that I'm not aware of, their infrastructure isn't wiped out. They did have a few drone strikes that caused some damage but they still have significant capacity to produce and export.

They got out because they were being held back on the amount they could export. They were exporting 2.75 million bbl/day.

IIRC, they have the capacity to export double that mount...

They can produce about 5 million give or take a day.

(04-29-2026 11:56 AM)Eagleaidaholic Wrote:  Why would ANYONE be included and governed by an organization that limits their prosperity?

The same reason European nations join the EU, they have globolists running the show. Control is their middle name.