Trump has broken OPEC.
Breaking news..
— Ahmed Khalifa (@_A_khalifa) April 28, 2026
The UAE has announced its
decision to withdraw from OPEC
And OPEC+ effective May 1, 2026
THIS IS BIG !! pic.twitter.com/530V03coRV
After leaving OPEC
— Ahmed Khalifa (@_A_khalifa) April 28, 2026
With its Fujairah pipeline bypassing the Strait of Hormuz, UAE can now ramp up freely potentially adding around 2 million extra barrels a day and helping break the high-price grip..
Game changer for markets😎 pic.twitter.com/TAwnkam5Rh
I like the UAE.
Can’t say that I exactly like the UAE, but it is notably less noisome than most of the other regimes in its vicinity. The UAE is, first and foremost, doing itself a favor with this move, but I’ll take the win anyway.
Missed the “Women and children, hardest hit.”
Loved the “community comment” that the pipeline can only handle 1.8 Mil BPD instead of an even two. Bet the pipe for another is on order even without an EPA permit. After the Iran-Iraq war, I’m surprised it took so long.
The time to get out of a cartel is before it collapses.
The Saudi oil fields are sort of unique in that they can be turned on and off more or less at will. It was the Saudi’s ability to police the cartel that kept it going so long. If we’re the swing producer, that’s not going to work anymore. A thousand frackers isn’t quite as instantaneous as the Saudi spigot was, but it is still able to react in weeks rather than years.
Yeah but unless you bury them, pipelines are still vunerable to drone attack. Besides building more pipelines, you’ll need an air defense build out to complement. Or bury them deep enough. Or make them rapidly repairable.
Or maybe bomb out Iran’s drone mfg. capability… In work…
The best defense is a good offense.
Lots of sand there. They can probably find something to bury it with. Above ground pipelines are rare. In Alaska, it’s to deal with permafrost. Not something the UAE has to worry about.