Post #24003

UAE’s ‘OPEXIT’ Deepens Rift With Riyadh As Oil Power Struggle Spills Globally Abu Dhabi’s break with OPEC signals a decisive shift in Gulf power politics, where energy strategy now doubles as a battleground for regional supremacy. On 28 April, the UAE announced its formal withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance, with the decision set to take effect on 1 May. The move ends decades of membership in one of the most influential blocs in global energy markets and marks a clear turning point in Abu Dhabi’s approach to oil policy and regional alignment. Abu Dhabi framed the withdrawal as the outcome of a comprehensive review of its current and future production strategy, citing rapid shifts in global energy markets and mounting geopolitical pressures in the Persian Gulf. These pressures have intensified following US-Israeli aggression against Iran, disruptions around the Strait of Hormuz, and the cascading effects on global supply chains. Officials stressed that exiting OPEC does not signal a retreat from market stability, but reflects a desire to respond more freely to demand based on national priorities. In his first official comment, UAE Energy Minister Suhail al-Mazrouei described the step as a “sovereign national decision,” adding that Saudi Arabia, Russia, and the OPEC Secretariat were formally notified ahead of the announcement. 🔗SOURCE➡️The Cradle Related: 4/28 — UAE Quits OPEC, OPEC+ In Blow To Saudi-Led Bloc 4/29 — UAE Reviewing Role In Multilateral Groups After OPEC Exit 4/30 — ❗️More countries ‘very likely’ to exit OPEC after UAE withdrawal: ex-diplomat 4/30 — "The UAE’s exit is not an act of panic. It is the culmination of a decade of deliberate strategic positioning — in infrastructure, in finance, in artificial intelligence, and in the emerging Technocratic architecture I have been documenting for years. Understanding why the UAE wins regardless of how the Hormuz crisis resolves, and why its departure from OPEC accelerates the IMEC corridor project that Trump has called “one of the greatest trade routes in all of history,” requires seeing all the pieces simultaneously." 4/28 — BREAKING | UAE announces OPEC & OPEC+ withdrawal effective 1 May 4/22 —UAE Demands Special Access To US Dollars Amid Threats To Trade Oil In Yuan: Report 4/21 — 🚨🇺🇸💰🔥🇦🇪UAE has informed the US that if it runs short of US dollars, it may be forced to use Chinese yuan or other currencies for oil sales and transactions. 4/13 — Lindsey Graham Admits Opening The Strait Of Hormuz Is About Protecting The Petrodollar, Admits.. Iran .. Destroying The US Dollar By Trading Oil In Chinese Yuan. 1/2 — Explaining The UAE-Saudi Split - By Shaiel Ben-Ephraim 8/25/23 — BRICS Doubles Share of Global Oil Production In Welcoming Six New Members at BRICS Summit in S. Africa [X] — TheMcgWire / @PsyopDaily Original In a HISTORIC move, BRICS has added 6 countries to the group — Egypt, Ethiopia, Argentina, UAE, Iran, and Saudi Arabia BRICS went from controlling 20%.. to 42% of global oil production Follow➡️@PsyopDaily