Is OPEC Crumbling? UAE Quits Oil Cartel Amid Iran War & Saudi Rift
the staff of the Ridgewood blog
United Arab Emirates (UAE), The global energy map was redrawn on Tuesday as the United Arab Emirates (UAE) officially announced its departure from OPEC, effective May 1. This “seismic” exit comes at a time of unprecedented regional instability, as the ongoing Iran war exposes deep fractures within the Gulf’s traditional alliances.
Continue reading The End of an Era? Why the UAE Just Exited OPEC and What it Means for Gas Prices
