UAE’s OPEC exit has been long in the works – and may mark the beginning of a Gulf realignment
The Emiratis are poised to turn their back on their oil cartel buddies. Karim Sahib/AFP via Getty Images The United Arab Emirates’ decision to withdraw from the Organization of Petroleum Exporting Countries will leave the oil cartel weakened at a crucial time. It also illustrates the ongoing tension
ORIGINAL SOURCE →via The Conversation Global
ADVERTISEMENT
⚡ STAY AHEAD
Events like this, convergence-verified across 689 sources, land in your inbox every Sunday. Free.
GET THE SUNDAY BRIEFING →RELATED · AE
- [ENERGY] Why UAE's OPEC exit is a blow to Saudi Arabia
- [ENERGY] UAE’s OPEC exit signals new global oil order
- [ENERGY] Key points about OPEC: What is this oil cartel and why is the UAE distancing itself? - EL PAÍS English
- [ENERGY] The Commodities Feed: UAE exit from OPEC marks a big shift in oil market
- [CONFLICT] UAE may also leave GCC after exiting OPEC — expert
- [ENERGY] Crude Oil Price Outlook: UAE Exits OPEC, Hormuz Weighs on FOMC - FOREX.com