UAE Exits OPEC, Impacting Global Oil Market Dynamics
The United Arab Emirates has reportedly exited OPEC, a move that could significantly alter global oil market dynamics and raise questions about the future of the oil cartel. This departure is expected to have particular implications for major oil importers like India.
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End of the oil cartel? Why the UAE’s exit from OPEC changes everything for India
By Rohit Chandra
Read full article →UAE’s Opec exit
THE UAE’s exit from Opec is another sign of the major geopolitical shifts that are reshaping the global order. One of the organisation’s top producers, the UAE’s decision seems largely influenced by the politics of oil. Yet geopolitical calculations, and intra-Gulf rivalries, specifically with Saudi Arabia, are also at play here. As per reports, the Emiratis were unhappy with the quotas placed by Opec on members, and wanted to pump as much crude as they desired. This was reflected in an Emira...
By none@none.com (Editorial)
Read full article →Coverage Timeline
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