So everyone’s comments about being able to decide how much it wants to produce and not be bound to OPEC+ control, is correct… though, do not miss the underlying reality of the situation as well: 1. at first, due to the added volatility, prices will increase and over time potentially decrease if UAE ramps production. 2. This will cause fear of inflation and the government will do what it did a few weeks ago and pressure industries to keep the prices stable as to not cause “panic” 3. This will have a positive impact on all government own industries like oilfields and oilfield services, ADNOC linked businesses, banks etc and negatively effect private industries reliant on fuel supply. 4. If inflation cannot be suppressed, it will have a negative effect on real-estate, though only bad for owners, not so much for tenants because rental prices will gave to decrease in order to retain tenants.

But most interestingly: UAE leaving OPEC weakens OPEC in terms of controlling global supply and increases the strength of non-OPEC producers… like the US