The UAE Withdraws from OPEC. Will OPEC now Disintegrate?
UAE will no longer sell oil by quotas and will not have to consult anyone for the right price. On Tuesday, May 28, 2026, the United Arab Emirates (UAE) announced its decision to leave the Organization of Petroleum Exporting Countries (OPEC). Reasons for the UAE’s Decision to Quit OPEC The UAE would like to control […]