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Home Blog World News UAE exit signals OPEC’s declining grip on oil markets | Oil and Gas
UAE exit signals OPEC’s declining grip on oil markets | Oil and Gas
April 30, 2026
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UAE exit signals OPEC’s declining grip on oil markets | Oil and Gas


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Chris 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 2026



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