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Tue, 28 Apr 2026 20:54:27 -0700
marlon from private IP, post #18298477
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U.A.E. leaving OPEC
https://www.wsj.com/opinion/united-arab-emirates-exits-opec-oil-fracking-iran-2fee8850?mod=hp_opin_pos_3
Why the U.A.E. Broke Up With OPEC
U.S. fracking and the Iran war are causing the oil cartel to fracture.
By
The Editorial Board
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April 28, 2026 5:54 pm ET
Donald Trump says the regime in Tehran is fractured, so the U.S. will hold off further strikes until its leaders "can come up with a unified proposal." What
kind of a nuclear deal would be a U.S. victory that's worth accepting? Plus, as the White House ousts Navy Secretary John Phelan, who would be a worthy
replacement? Photo: Christopher Arbisi
What do you know? U.S. shale fracking has achieved Washington’s longtime strategic goal of curbing the Organization of the Petroleum Exporting Countries’s
control over oil prices. The cartel is fracturing, with the United Arab Emirates announcing its exit on Tuesday. This is another foreign policy victory for
American fossil-fuel energy.
The U.A.E. has chafed for years at OPEC’s per-country production quotas that are intended to limit global supply and push up oil prices. Saudi Arabia and the
U.A.E. are the cartel’s two swing producers that have excess capacity to ramp up output, with Abu Dhabi capable of producing 1.4 million barrels a day more
than OPEC’s quota.
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