OPEC+ Divergence Reported Between Saudi Arabia And UAE
The United Arab Emirates is pursuing a political and diplomatic offensive against Saudi Arabia. Kremlin spokesperson Dmitry Peskov stated that UAE authorities did not warn Russian leadership of the decision to exit. Peskov suggested the UAE is unlikely to implement aggressive production policies to avoid causing oil price volatility. Markets are currently pricing in a prolonged blockage of the Strait of Hormuz. The UAE plans to increase crude oil production in opposition to Saudi Arabia's policies. This move follows recent discussions regarding the group's production and membership. The withdrawal will be effective starting this Friday, May 1. This move is described as a blow to the major oil producers' alliance and a sign of deeper divisions within the group. Tensions between the two Gulf rivals have escalated over issues regarding Yemen and Iran.
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Developing
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Sources · 7 independent
“Bien plus qu'une décision purement économique se départ, s'inscrit une offensive politique et diplomatique contre l'Arabie Saoudite. Oui, c'est une rupture majeure entre Émirien et Saoudien.”
“diplomatiquement, Abu Dhabi renforce son alignement sur les Etats-Unis et sur Israël. Et là, la fracture avec Riyadh est clairement idéologique.”
“the Emirates announced that it is leaving OPEC and OPEC Plus, and this will happen on May 1, the decision may cause...”
“the decision of the UAE to exit the OPEC+ organization and the OPEC+ alliance is a decision that will be in line with what national interest requires.”
“Es zeigt, dass die Emirate nicht zufrieden sind mit der Führung der OPEC. Es ist eine Botschaft an Saudi Arabien und ein Indikator über den Zustand der saudisch-emiratischen Beziehungen”
“Ein plötzlicher Austritt in diesem kritischen Moment, ein Moment, der aufgrund der gefährlichen geopolitischen Lage in der Region unpassend erscheint.”
“о том, что эмираты продолжат ответственную позицию на энергетических рынках и координация.”
“Die Auswirkungen des Austritts dürften vor allem langfristig sein, so Energieexperte Ayub. Es wirkt sich kurzfristig nicht groß auf die Märkte aus, weil die Straße von Hormuz E. geschlossen ist, aber in Zukunft... könnten die VRE viele Barrels ohne Restriktionen auf den Markt bringen.”
“Der Austritt aus der OPEC gilt als Erfolg für US-Präsident Trump.”
“阿聯酋星期二宣佈將會在5月1日起退出石油輸出國組織 以及與俄羅斯等其他產油國組成的OPEC家 引發外界猜測阿聯酋可能還會退出其他區域組織 包括阿拉伯聯盟或台灣合作委員會”
“亞聯郵宣部退出石油輸出國組織後 官員表明正從新蘋果亞聯郵 在多邊組織中的角色和貢獻 不過目前未有考慮進一步退出”
“阿聯酋星期二宣佈將會在5月1日起退出石油輸出國組織 以及與俄羅斯等其他產油國組成的OPEC家”
“阿聯酋星期二佈宣將會在5月1日起退出石油輸出國組織 以及與俄羅斯等其他產油國組成的OPEC家”
“勞透社引述阿聯酋一名官員表示 阿聯酋正是從新蘋果在多邊組織中的角色和貢獻 但目前未有考慮進一步退出”
“阿聯酋星期二宣布將會在5月1日起退出石油輸出國組織以及與俄羅斯等其他產油國組成的OPEC Plus”
“Reuters cites a UAE official regarding their role and contribution in the organization, but currently there is no consideration for further withdrawal. The UAE is one of the largest oil producers in OPEC. Reuters believes the Abu Dhabi authorities' exit would widen the rift with Saudi Arabia.”
“the UAE exit from oil cartel OPEC effective Friday.”
“Reuters reports that the Abu Dhabi authorities' exit would widen the rift with Saudi Arabia. The two countries, once firm allies, are now in fierce competition in oil policy, geopolitics, and human capital.”
“阿聯酋高級官員加爾加十日前在一個會議上表示，海峽會在政治和軍事上的立場是歷史上最弱。”
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