The twilight of Opec
UAE’s departure leaves Saudi Arabia trying to hold together a fractious cartel
UAE’s departure leaves Saudi Arabia trying to hold together a fractious cartel

After putting on a united front during the Iran war, the Gulf’s most consequential rivalry has burst into the open again

Move underlines long-running frustrations with group over production quotas

Exit represents a rejection of the production-control system dominated in recent years by Saudi Arabia

Leaving the oil cartel is not just a commercial decision — it reflects structural changes in global energy markets

Middle East conflict forces Riyadh to postpone any response to the UAE’s decision to quit the oil cartel

Relationship between the Gulf’s heavyweights has developed into open confrontation