The UAE’s exit from OPEC effective May 1, 2026, following quota disputes and a desire for greater production flexibility amid the Iran conflict, has not triggered further departures through late September. Iraq weighed an exit in June unless granted higher output limits but has since reaffirmed its commitment while pressing for adjustments. Venezuela has explored options tied to U.S. investment ties, yet no formal withdrawal has materialized. Core OPEC+ members continue monthly production reviews and compensation for prior overproduction, with attention shifting to 2027 quota baselines. These factors support trader consensus that additional exits remain unlikely in the remainder of the year.