The United Arab Emirates' exit from the Organization of the Petroleum Exporting
Countries may have mixed implications for U.S. oil producers, says Morningstar's
Joshua Aguilar in a note. OPEC losing a top oil producer undermines the bloc's
influence, he says, noting that the U.A.E. is one of the few members with
meaningful spare capacity. Meanwhile, Aguilar says U.S. oil producers might have
to curtail production to remain profitable if the U.A.E. decides to add more
supply in a low-demand environment, he says.
