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UAE exit signals OPEC’s declining grip on oil markets

UAE exit signals OPEC’s declining grip on oil markets

QuotableChris Weafer, the CEO of Micro-Advisory Partners, says the UAE’s OPEC exit frees one million barrels of spare capacity. He warns Kazakhstan and Venezuela may follow, leaving OPEC far less influential on global oil pricing.Published On 30 Apr 202630 Apr 2026Click here to share on social mediashare-nodesSharegoogleAdd Al Jazeera

UAE exit signals OPEC’s declining grip on oil markets

UAE exit signals OPEC’s declining grip on oil markets
QuotableChris Weafer, the CEO of Micro-Advisory Partners, says the UAE’s OPEC exit frees one million barrels of spare capacity. He warns Kazakhstan and Venezuela may follow, leaving OPEC far less influential on global oil pricing.Published On 30 Apr 202630 Apr 2026Click here to share on social mediashare-nodesSharegoogleAdd Al Jazeera