Amrita Sen, founder and director of market intelligence at Energy Aspects discusses UAE's decision to leave OPEC and how the justification seems intriguing given the oil supply constrain all OPEC members are facing as well. She also discusses how this historic departure does not necessarily come as a surprise and has little impact on the organization's ability to influence oil prices and manage markets.

The United Arab Emirates announced on Tuesday its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, in a decision taking…

Gulf state to leave petroleum cartel from 1 May following regional energy shocks

This is a developing story.