{"id":185512,"date":"2026-04-29T12:10:30","date_gmt":"2026-04-29T10:10:30","guid":{"rendered":"https:\/\/newmobility.news\/?p=185512"},"modified":"2026-04-29T10:45:38","modified_gmt":"2026-04-29T08:45:38","slug":"oil-profits-soar-as-opec-fractures-and-consumers-pick-up-the-bill","status":"publish","type":"post","link":"https:\/\/newmobility.news\/en\/2026\/04\/29\/oil-profits-soar-as-opec-fractures-and-consumers-pick-up-the-bill\/","title":{"rendered":"Oil profits soar as OPEC fractures and consumers pick up the bill"},"content":{"rendered":"The United Arab Emirates\u2019 decision to leave OPEC, effective 1 May, comes at a moment when the global oil market is already under severe strain\u2014and when oil majors are reporting a new wave of exceptional profits.\r\n\r\nTaken together, experts highlight the two developments as a deeper shift underway<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"nag_logo\" src=\"https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2022\/02\/nmn-logo-long-transparent-small-4.png?w=300&#038;ssl=1\"  alt=\"New Mobility News\" \/>\r\n\r\n<h2 class=\"text-center\">\r\n\tRead this article now for free!\r\n<\/h2>\r\nRegister a free account and gain access to this article and get more from New Mobility\r\n\n\t\t<div id=\"leaky-paywall-quick-register\" class=\"inline\">\n\t\t\t<form id=\"leaky-paywall-quick-register-form\" method=\"POST\" action=\"\">\n\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<p class=\"form-field email-field\">\n\t\t\t\t\t<label for=\"email\">Email<\/label>\n\t\t\t\t\t<input class=\"email\" type=\"email\" name=\"email\" placeholder=\"Enter your email address\" value=\"\" required>\n\t\t\t\t<\/p>\n\n\t\t\t\t\t\t\t\t\t<p class=\"form-field password-field\">\n\t\t\t\t\t\t<label for=\"password\">Password<\/label>\n\t\t\t\t\t\t<input class=\"password\" type=\"password\" name=\"password\" placeholder=\"Create a password\" value=\"\" required>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<input name=\"company_url\" type=\"text\" value=\"\" autocomplete=\"off\" tabindex=\"-1\" style=\"display:none !important; position:absolute; left:-9999px;\" \/>\n\n\t\t\t\t<input type=\"hidden\" name=\"level_id\" value=\"20\">\n\n\t\t\t\t<input type=\"submit\" value=\"Register for free\">\n\n\t\t\t\t\n\t\t\t<\/form>\n\n\t\t\t<div id=\"leaky-paywall-quick-register-errors\"><\/div>\n\t\t<\/div>\n\n\r\n\r\n<p class=\"text-center\"><strong>\u2014 OR \u2014<\/strong>\r\n\r\n<p class=\"text-center\"><strong>Subscribe now<\/strong> Get unlimited access to the original content of our publishing partners, be alerted on breaking news and get a daily business summary, composed by our specialist journalists, of the top stories about your sector you have to read.<\/p>\r\n\r\n<div class=\"nag_buttons\">\r\n\t<a class=\"button\" href=\"https:\/\/newmobility.news\/subscription\">Subscribe Now<\/a> \r\n\t<span class=\"nag_button_divider\"> or <\/span> \r\n\t<a href=\"https:\/\/newmobility.news\/en\/log-in\/\">SIGN IN<\/a>\r\n<\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The United Arab Emirates\u2019 decision to leave OPEC, effective 1 May, comes at a moment when the global oil market is already under severe strain\u2014and when oil majors are reporting a new wave of exceptional profits. Taken together, experts highlight the two developments as a deeper shift underway Read this article now for free! Register [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":185516,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[2043,77169,9,4],"tags":[],"class_list":["post-185512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-market","category-opinion","category-top-stories-today"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?fit=2560%2C949&ssl=1",2560,949,false],"thumbnail":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?fit=300%2C111&ssl=1",300,111,true],"medium_large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?fit=640%2C237&ssl=1",640,237,true],"large":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?fit=640%2C238&ssl=1",640,238,true],"1536x1536":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?fit=1536%2C570&ssl=1",1536,570,true],"2048x2048":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?fit=2048%2C759&ssl=1",2048,759,true],"trp-custom-language-flag":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?fit=18%2C7&ssl=1",18,7,true],"related-thumb":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=640%2C480&ssl=1",640,480,true],"gform-image-choice-sm":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=300%2C300&ssl=1",300,300,true],"gform-image-choice-md":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=400%2C400&ssl=1",400,400,true],"gform-image-choice-lg":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=600%2C600&ssl=1",600,600,true],"mailchimp":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?fit=560%2C208&ssl=1",560,208,true],"unipress-phone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=640%2C100&ssl=1",640,100,true],"unipress-tablet":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=1536%2C240&ssl=1",1536,240,true],"unipress-tablet-portrait":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=1536%2C180&ssl=1",1536,180,true],"unipress-tablet-landscape":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=2048%2C180&ssl=1",2048,180,true],"unipress-smartphone":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=1080%2C168&ssl=1",1080,168,true],"unipress-wide-screen":["https:\/\/i0.wp.com\/newmobility.news\/wp-content\/uploads\/2026\/04\/Scherm%C2%ADafbeelding-2026-04-29-om-10.42.42-scaled.png?resize=2560%2C180&ssl=1",2560,180,true]},"post_excerpt_stackable_v2":"<p>The United Arab Emirates\u2019 decision to leave OPEC, effective 1 May, comes at a moment when the global oil market is already under severe strain\u2014and when oil majors are reporting a new wave of exceptional profits. Taken together, experts highlight the two developments as a deeper shift underway Read this article now for free! Register a free account and gain access to this article and get more from New Mobility Email Password \u2014 OR \u2014 Subscribe now Get unlimited access to the original content of our publishing partners, be alerted on breaking news and get a daily business summary, composed&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/newmobility.news\/en\/category\/energy\/\" rel=\"category tag\">Energy<\/a>, <a href=\"https:\/\/newmobility.news\/en\/category\/market\/\" rel=\"category tag\">Market<\/a>, <a href=\"https:\/\/newmobility.news\/en\/category\/opinion\/\" rel=\"category tag\">Opinion<\/a>, <a href=\"https:\/\/newmobility.news\/en\/category\/top-stories-today\/\" rel=\"category tag\">Top Stories Today<\/a>","author_info_v2":{"name":"Joris Van Roy","url":"https:\/\/newmobility.news\/en\/author\/jorisximcom-be\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil profits soar as OPEC fractures and consumers pick up the bill - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2026\/04\/29\/oil-profits-soar-as-opec-fractures-and-consumers-pick-up-the-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil profits soar as OPEC fractures and consumers pick up the bill - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"The United Arab Emirates\u2019 decision to leave OPEC, effective 1 May, comes at a moment when the global oil market is already under severe strain\u2014and when oil majors are reporting a new wave of exceptional profits. 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