OPEC

3 briefs

power 2026-04-30

UAE Quits OPEC After 60 Years, and Saudi Arabia Has No Answer

Abu Dhabi's defection doesn't change oil prices today, but it signals that the cartel's era of shared discipline is over.

conflict 2026-04-29

The UAE Walks Out of OPEC

The second-most important oil producer in OPEC just quit. The Iran war made it possible. The math made it inevitable.

power 2026-04-28

OPEC's Loudest Quitter

The UAE just left OPEC after 59 years. Saudi Arabia now runs a cartel where the most capable member is gone and three others are watching to see if they should follow.