What does this mean for OPEC? -To The Moon - Tiger Brokers Online Investing Community - To The Moon

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04-28 20:26

What does this mean for OPEC? What do we do from here.

UAE Leaves OPEC And OPEC+ In Huge Blow To Global Oil Producers' Group

DUBAI, April 28 (Reuters) - The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing

UAE Leaves OPEC And OPEC+ In Huge Blow To Global Oil Producers' Group

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What do we do from here.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/558478863172576","repostId":2630304810,"repostType":2,"repost":{"id":"2630304810","kind":"live","pubTimestamp":1777379047,"share":"https://ttm.financial/m/news/2630304810?lang=en_US&edition=fundamental","pubTime":"2026-04-28 20:24","market":"nz","language":"en","title":"UAE Leaves OPEC And OPEC+ In Huge Blow To Global Oil Producers' Group","url":"https://stock-news.laohu8.com/highlight/detail?id=2630304810","media":"THOMSON REUTERS","summary":"DUBAI, April 28 (Reuters) - The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing","content":"<html><head></head><body><p>DUBAI, April 28 (Reuters) - The United Arab Emirates said on Tuesday it quit 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.</p><p>The stunning loss of the UAE, a longstanding OPEC member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production quotas.</p><p>OPEC Gulf producers have already been struggling to ship exports through the Strait of Hormuz, a narrow chokepoint between Iran and Oman through which a fifth of the world’s crude oil and liquefied natural gas normally passes, because of Iranian threats and attacks against vessels.</p><p>But the UAE exit from OPEC represents a big win for U.S. President Donald Trump, who has accused the organisation of &#34;ripping off the rest of the world&#34; by inflating oil prices.</p><p>Trump has also linked U.S. military support for the Gulf with oil prices, saying that while the U.S. defends OPEC members they &#34;exploit this by imposing high oil prices&#34;.</p><p>The move came after the UAE, a regional business hub and one of Washington&#39;s most important allies, criticised fellow Arab states for not doing enough to protect it from numerous Iranian attacks during the war.</p><p>Anwar Gargash, the diplomatic adviser for the UAE president, criticised the Arab and Gulf response to the Iranian attacks in a session at the Gulf Influencers Forum on Monday.</p><p>&#34;The Gulf Cooperation Council countries supported each other logistically, but politically and militarily, I think their position has been the weakest historically,&#34; Gargash said.</p><p>&#34;I expect this weak stance from the Arab League and I am not surprised by it, but I haven&#39;t expected it from the (Gulf) Cooperation Council and I am surprised by it,&#34; he said.</p></body></html>","source":"reuters_en_live","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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