Why the UAE really left Opec
Leaving the oil cartel is not just a commercial decision — it reflects structural changes in global energy markets
Leaving the oil cartel is not just a commercial decision — it reflects structural changes in global energy markets

Move underlines long-running frustrations with group over production quotas

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

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

Abu Dhabi’s surprise decision to leave the oil cartel raises doubts over its future

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