Is the UAE leaving OPEC good news for oil prices

[pokerking]

The UAE is leaving OPEC on May 1st, will this lead to the break up of the organization and lower gas prices at the pump?


"UAE to quit OPEC in blow to world’s leading oil exporters, as Iran war roils energy sector"
https://www.cnn.com/2026/04/28/world/li ... ump-israel

[yobilinks]

Good who needs price fixing

[drPorn]

Open the tap let that oil rip out and bring the prices down.

[TabbyGirl]

Good who needs price fixing

So so so right this can be good for the price of gas we pay here at home.

[jag]

It seems a good decision for them to leave and for the world, more competition leads to lower prices.

[ispdn]

They are a big oil producer so yes it is good for overall prices if they start selling more oil.

[Emil]

Gas prices are not coming down any time soon over this move by UAE the Strait of Hormuz is blocked.

[LookyLou]

Oil is going to go away in importance as EV's take center stage and ICE cars become banned so they must have realized what's with limiting our production, let's go balls the the wall produce and sell as much as we can while it's in style.

[TheButcher]

Good who needs price fixing

Amen

[badkitty]

I heard the UAE is in the top 10 of oil producers I never knew this.

[BHT]

You can see why UAE is not on Iran's friendly list

"US Ambassador to the United Nations Mike Waltz confirmed Monday that Israel’s Iron Dome missile defense system was used to shoot down Iranian missiles targeting the United Arab Emirates, becoming the first government official to publicly verify that the equipment was deployed and used in the UAE during the recent fighting."


https://www.timesofisrael.com/in-first- ... me-to-uae/

[AlexO]

You can see why UAE is not on Iran's friendly list

"US Ambassador to the United Nations Mike Waltz confirmed Monday that Israel’s Iron Dome missile defense system was used to shoot down Iranian missiles targeting the United Arab Emirates, becoming the first government official to publicly verify that the equipment was deployed and used in the UAE during the recent fighting."


https://www.timesofisrael.com/in-first- ... me-to-uae/

Aaaaaaah now it all starts making sense why Iran hit UAE so hard

[mybitches]

Israel said Netanyahu made a secret trip to the UAE during the fighting, UAE says it never happened.Who is telling the truth here?

https://www.nytimes.com/2026/05/13/worl ... n-war.html

[calista]

Israel said Netanyahu made a secret trip to the UAE during the fighting, UAE says it never happened.Who is telling the truth here?

https://www.nytimes.com/2026/05/13/worl ... n-war.html

One of them is a liar my bet Israel is telling the truth.