Looks like the #OPECCartel has lost an important member. This will not mean very much atm because #IranWar but it might come into play when #Hormuz is opened again. I can’t see the UAE restraining itself from making as much #profit as possible before the demand for #FosilFuels begins to wane (soon I hope). Demand Peak should not be too far in the future I reckon.

Well, I truly hope so…

https://www.abc.net.au/news/2026-04-29/why-the-uae-is-leaving-international-oil-producers-group-opec/106619310

How the United Arab Emirates is moving to increase oil production

The UAE is leaving an international oil-producers' group that has a major influence on the price of oil around the world.