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
En resumen
- 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.
Resumen generado por IA
Tamaño de fuente
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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This article was originally published by TASS.