UAE just left OPEC after 59 years. The cartel lost 15% of its capacity overnight.

uae announced yesterday theyre leaving opec and opec plus effective may 1. after being a member since 1967. the math is wild. uae can pump nearly 5 million barrels a day. opec had them capped at 3.22. thats a third of their capacity sitting idle. billions in lost revenue every month just to maintai