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Sign InThe UAE's official withdrawal from OPEC is confirmed for May 1, amid shifting projections for its future production capacity. While initial estimates suggested a rapid climb, Rystad Energy now projects that actual output will only gradually reach 3.5 million barrels per day by the end of 2026, even in a best-case scenario. This exit is expected to eliminate predictable price floors and significantly increase global oil price volatility. Despite these shifts, J.P. Morgan notes that the departure could boost investment flows from U.S. energy firms into the UAE's domestic sector. Meanwhile, Russia and Kazakhstan have reaffirmed their commitment to the OPEC+ alliance, even as Moscow warns of downward price pressures. WTI crude remains supported above $100 as markets digest the long-term implications of the UAE's strategic move.