UAE ประกาศถอนตัวจาก OPEC สั่นคลอนอำนาจกลุ่มผู้ผลิตน้ำมันโลก | THE STANDARD WEALTH

The UAE announced its withdrawal from OPEC, effective May 1st, a surprising move impacting oil producers. This decision follows policy reviews aligning with national interests and flexibility for evolving energy demands. The UAE, a significant producer and key player in OPEC's policy direction since joining in 1977, is the third largest producer within the group. Despite the UAE's departure, market tremors are expected to be short-term and potentially limited due to transportation bottlenecks. A primary pressure factor remains the Strait of Hormuz, a critical energy transport route between Iran and Oman, facing risks from attacks on vessels. This instability, particularly concerning crude oil and gas transport, has already influenced oil prices. Both Brent crude and WTI futures saw increases following these developments and ongoing supply restriction concerns, with trading remaining above $100 USD for WTI.