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.