Why the UAE is leaving OPEC: A strategic shift in oil politics and interests
The United Arab Emirates (UAE) has announced its departure from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026, after nearly 60 years of membership since joining in 1967. This move represents a significant blow to the oil cartel, particularly its de facto leader Saudi Arabia, and … Read more