"The UAE's decision to quit OPEC to prioritise its 'national interests' deals a blow to the oil group already grappling with the challenge of shipping Gulf exports through the Strait of Hormuz."

"This decision follows a comprehensive review of the UAE's production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market's pressing needs. During our time in the organisation, we made significant contributions and even greater sacrifices for the benefit of all. However, the time has come to focus our efforts on what our national interest dictates."

"The shock loss of the UAE, Opec's third-largest oil producer, is expected to weaken the group, which for decades has worked together to use its collective oil production to influence global oil market prices. The UAE's exit from Opec represents a win for Donald Trump, who has previously accused the organisation of 「ripping off the rest of the world」 by artificially inflating oil prices by holding back production. Last week Trump confirmed that the US had discussed extending a financial lifeline to the UAE under which the two countries' central banks could agree to exchange equivalent amounts of each other's currency should the Middle East crisis deepen."

"If countries that are abiding by their quota get disgusted with those that don't, we could see additional exits that could eventually make OPEC irrelevant as a cartel."

"with the UAE leaving, Opec loses about 15% of its capacity and one of its most compliant members"

"The UAE withdrawal marks a significant shift for OPEC. Alongside Saudi Arabia, it is one of the few members with meaningful spare capacity—the mechanism through which the group exerts market influence."