The UAE's exit from OPEC is a sovereign decision, not a break with the market or a reaction, Argus reports citing sources; no plan to flood the market once Hormuz is functional, any output increase would be gradual and timely. Near term, nothing changes.

The UAE's exit from OPEC is being framed as a sovereign decision rather than a market reaction, suggesting a deliberate strategy rather than impulsive behavior.

Newsquawk StaffPublished 28 Apr 2026, 13:48 UTCOn the live feed at 13:28 UTC — 6 more headlines followed before this page went public

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OpenAI says business is firing on all cylinders; enterprise business and advertising are growing

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US President Trump says "Iran has just informed us that they are in a "State of Collapse" They want us to "Open the Hormuz Strait", as soon as possible as they try to figure out the leadership situation"

13:28

The UAE's exit from OPEC is a sovereign decision, not a break with the market or a reaction, Argus reports citing sources; no plan to flood the market once Hormuz is functional, any output increase would be gradual and timely. Near term, nothing changes.

13:27

US Energy Secretary Wright says that the Strait of Hormuz can open without clearing all mines

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Govt sources suggesting only a handful of rebels will vote with the Conservatives this evening to refer UK PM Starmer to the Privileges Committee. Around 20 could abstain, they added, via iPaper reporter Donaldson

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Sources say additional barrels would come when needed, and in a way that supports balance.

Context

The commitment to a gradual output increase indicates an intention to maintain market stability, which could mitigate concerns about potential oversupply in the oil market. This balancing act may help to keep prices steady, benefiting both the UAE and the broader energy market in the near term.

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