UAE’s OPEC exit signals new global oil order

The reported decision by the United Arab Emirates to leave OPEC and OPEC+ is more than a dispute over oil production. It is a sign that the old architecture of oil power is being reshaped by national strategy, Gulf competition and Asian energy vulnerability. For years, OPEC+ worked because markets believed its key members could […] The post UAE’s OPEC exit signals new global oil order appeared first on Asia Times.