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United Arab Emirates to Quit Oil Cartel Opec
The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership.
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REDIAL
Joined 2009/01/04Visited 2026/04/28
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Breaking news: The United Arab Emirates has said it is leaving Opec, dealing a significant blow to the oil cartel and its de facto leader Saudi Arabia ft.trib.al/IV6dRwW[image or embed] -- Financial Times (@financialtimes.com) Apr 28, 2026 at 8:44 AM
Breaking news: The United Arab Emirates has said it is leaving Opec, dealing a significant blow to the oil cartel and its de facto leader Saudi Arabia ft.trib.al/IV6dRwW[image or embed]
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This is an unexpected result of Pres Trump's war on Iran.
How might this new development alter the landscape of oil prices in the future?
#1 | Posted by LampLighter at 2026-04-29 12:07 AM | Reply
That likely depends on who you are, and which way you want oil prices to go.
#2 | Posted by REDIAL at 2026-04-29 12:13 AM | Reply
I've weighed the real possibility that gasoline may become too expensive to use my truck for anything other than my occasional trip to the VA hospital when the need arises. The closest supermarket is a 15-minute walk and the Walmart where I pay my utilities is 15-minutes in the other direction--neither of which will be all that comfortable in the winter, as it snows here. It also means no more fast food runs, movies, etc. Motorcycle? Hmmmm...
#3 | Posted by dutch46 at 2026-04-29 05:01 AM | Reply
Another western clone stealing from Africa.
#4 | Posted by fresno500 at 2026-04-30 01:30 PM | Reply
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