Kazakhstan and Iraq seen as most likely to leave OPEC after U.A.E. exit
Updated
Updated · MarketWatch · Apr 28
Kazakhstan and Iraq seen as most likely to leave OPEC after U.A.E. exit
15 articles · Updated · MarketWatch · Apr 28
Kazakhstan, an OPEC+ member with a 1.6 million barrels per day quota, and Iraq are viewed as potential next departures, though Iraqi officials deny any plans to leave.
Kazakhstan’s limited excess capacity and recent frustration with quotas mirror the U.A.E., which announced its exit after years of discontent over production limits.
Analysts note OPEC’s effectiveness may be moderately hindered, but smaller producers still benefit from stability. Ongoing geopolitical tensions and the U.A.E.’s departure raise concerns about OPEC’s future cohesion.
As other nations face pressure, who will be next to leave the oil bloc?
Is OPEC's era of controlling global oil prices officially over?
What does the UAE's exit signal about oil's future in a transitioning world?
Will the fracturing of OPEC lead to a price war or record-high oil prices?
Can alternative routes save Gulf economies with the Strait of Hormuz closed?
How will the escalating Saudi-Emirati rivalry reshape Middle East politics?