UAE’s Opec exit will drive down oil prices, warns Moscow
Russia and Kazakhstan confirm their intention to remain within Opec+
Related reading
UAE to leave Opec in blow to oil cartel
Move underlines long-running frustrations with group over production quotas
UAE opens up an Opec fissure
Exit represents a rejection of the production-control system dominated in recent years by Saudi Arabia
UAE withdrawal from Opec reopens rift with Saudi Arabia
After putting on a united front during the Iran war, the Gulf’s most consequential rivalry has burst into the open again
The twilight of Opec
UAE’s departure leaves Saudi Arabia trying to hold together a fractious cartel
Even with low oil prices, Opec could come out on top
With rivals running out of juice, the cartel can afford to play the long game
Why the UAE really left Opec
Leaving the oil cartel is not just a commercial decision — it reflects structural changes in global energy markets