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Why the UAE walked away from OPEC
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Why the UAE walked away from OPEC

May 27, 2026·Source: CNBC·3 views

The United Arab Emirates’ decision to leave OPEC after nearly 60 years marks a major shift in the global oil order. Officially framed as an economic decision, the move reflects Abu Dhabi’s frustration with production limits, its push to monetize oil reserves and a changing energy market where non-OPEC+ producers are gaining influence.

But the timing also points to deeper geopolitical forces: the Iran war, shifting Gulf alliances and Abu Dhabi’s closer alignment with the U.S.

Originally reported by CNBC. Read the original article

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