TASS28.04.2026EnergyRussia
UAE Exit from OPEC Will Reduce Group's Influence on Oil Prices - Analyst
Rystad Energy analyst says losing UAE with 4.8 million bpd capacity removes key tool from OPEC+ toolbox
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- Rystad Energy's Head of Geopolitical Analysis Jorge Leon says UAE's exit from OPEC and OPEC+ will diminish the group's influence on global oil prices.
- With UAE's 4.8 million barrels per day capacity and ambition to produce more, the analyst notes that OPEC+ loses a key tool for managing market supply.
- He warns that as demand nears peak, low-cost producers are finding quota systems increasingly unattractive, leaving Saudi Arabia to bear more burden for price stability.
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Rystad Energy's Head of Geopolitical Analysis Jorge Leon says UAE's exit from OPEC and OPEC+ will diminish the group's influence on global oil prices. With UAE's 4.8 million barrels per day capacity and ambition to produce more, the analyst notes that OPEC+ loses a key tool for managing market supply. He warns that as demand nears peak, low-cost producers are finding quota systems increasingly unattractive, leaving Saudi Arabia to bear more burden for price stability.
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