NYTimes reports about U.A.E. leaving the OPEC oil cartel because Emirates are deeply unhappy of how OPEC has been led by Saudi Arabia.
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NYTimes reports about U.A.E. leaving the OPEC oil cartel because Emirates are deeply unhappy of how OPEC has been led by Saudi Arabia.
"Oil policy has, for years, also been a key source of tensions between the Emirates and Saudi Arabia.
“While Saudi Arabia aims to sustain oil markets for the next century, the U.A.E. feels no such urgency,” said Bachar El-Halabi, senior analyst in Dubai for Argus Media, a commodities research firm. “Because their economy is more diversified, they do not require high oil prices to balance their budgets, allowing them to prioritize volume over price support.”"
https://www.nytimes.com/2026/04/28/world/middleeast/uae-opec.html?unlocked_article_code=1.eVA.FdHH.Se30rlcy-dfu -
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