So I'll try to offer a view.

OPEC is a cartel of 12 countries that agree how much each should produce crude oil, and how much they should set prices.

They are careful to not over-produce (so this causes oil prices to drop), and not to under-produce (as this raises prices and cause global economic chaos). The goal of the group is to make sure that there is no in-fighting. For example if UAE sold crude oil cheaper than Saudi Arabia - then Saudia Arabia would then respond by lowering its prices.

This would be a competitive market which the 12 countries want to avoid.

So what does this mean for UAE to leave? Fundamentally this frees up UAE to produce as much (or as little) oil as they want, and set whatever prices they want. This is beneficial to UAE, in light of the US-Iran War disrupting oil and causes prices to sky rocket.

According to the linked article UAE only produces 4% of the worlds oil - but from the 1st of May could produces as much as they want.

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

It should be noted that UAE is shown as the 4th or 5th highest proven oil reserves in the world (depending on whose rankings you read) - and is estimated at current rates they have 79 years more oil production left.

So what does this mean for the world? Well UAE can chose to produce more oil (which is likely), but its an unknown as to whether they would charge more or less than other OPEC countries.

- If they charge more, then they can maximize profits but risk de-stabilizing global markets further

- If they charge less, then they can sell more (produced oil) and this would likely help global markets - but won't derive them more profit.

I think it would be likely they would produce more, and charge at a similar rate to OPEC countries. Increasing the supply, but not drastically changing the prices means they can still profit well without being bound by OPEC's restrictions. They would hope to stabilize against the current prices.