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The UAE has decided to leave OPEC, ending its long membership in the oil producers' cartel. Experts say the move reflects frustration with production quotas that limited Abu Dhabi's output ambitions, compounded by geopolitical pressure from the US-Iran conflict reshaping alliances across the region.
The UAE, where non-oil sectors now generate about 75% of GDP, is weighing an exit from OPEC as production quotas clash with Abu Dhabi's economic ambitions. A departure could lift UAE output, add global oil supply, and weaken OPEC's ability to manage prices.
Producer and director Nancy Paton, a barrier-breaking CEO in Middle East production, was forced to evacuate the region as the ongoing war disrupts a screen industry built over the past decade. The conflict threatens to reverse significant progress in Gulf production infrastructure, co-financing relationships, and
Tag
The UAE has decided to leave OPEC, ending its long membership in the oil producers' cartel. Experts say the move reflects frustration with production quotas that limited Abu Dhabi's output ambitions, compounded by geopolitical pressure from the US-Iran conflict reshaping alliances across the region.
1mo ago · 3 min · Global Affairs
The UAE, where non-oil sectors now generate about 75% of GDP, is weighing an exit from OPEC as production quotas clash with Abu Dhabi's economic ambitions. A departure could lift UAE output, add global oil supply, and weaken OPEC's ability to manage prices.
2mo ago · 2 min · Global Affairs
Producer and director Nancy Paton, a barrier-breaking CEO in Middle East production, was forced to evacuate the region as the ongoing war disrupts a screen industry built over the past decade. The conflict threatens to reverse significant progress in Gulf production infrastructure, co-financing relationships, and
2mo ago · 1 min · Global Affairs
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