CoinWorld News, a BaoSheng Bank analyst, Norbert Rükkel, stated that the challenge facing oil-producing countries is not the UAE’s withdrawal from OPEC, but the broader, structural upheaval taking place across the oil market. He added that U.S. shale oil, South American deepwater oil, and others demonstrate a new pattern in the oil market—characterized by stagnation and intensified competition. Rükkel believes that the UAE’s exit from OPEC aligns with his long-term view of the oil market, namely that ample supply and intensified competition will keep oil prices anchored at the high end of more than $60 per barrel. The geopolitical consequences of the exit are still unclear, but the move comes at a time when regional relations are undergoing a larger-scale reshuffle, which may help find solutions amid ongoing conflict.