Why The UAE Walked Away From OPEC
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.
#CNBC #CNBCExplains #UAE #OPEC
-----
Subscribe: @cnbci
CNBC International Live: @cnbcinternationalive
LinkedIn: https://www.linkedin.com/showcase/cnbc-international/
TikTok: https://www.tiktok.com/@cnbci
Facebook: https://www.facebook.com/cnbcinternational
Instagram: https://www.instagram.com/cnbcinternational/
Threads: https://www.threads.net/@cnbcinternational
X: https://twitter.com/CNBCi
Telegram: https://t.me/cnbci
WhatsApp: https://bit.ly/CNBCiWhatsApp
#CNBC #CNBCExplains #UAE #OPEC
-----
Subscribe: @cnbci
CNBC International Live: @cnbcinternationalive
LinkedIn: https://www.linkedin.com/showcase/cnbc-international/
TikTok: https://www.tiktok.com/@cnbci
Facebook: https://www.facebook.com/cnbcinternational
Instagram: https://www.instagram.com/cnbcinternational/
Threads: https://www.threads.net/@cnbcinternational
X: https://twitter.com/CNBCi
Telegram: https://t.me/cnbci
WhatsApp: https://bit.ly/CNBCiWhatsApp
CNBC International
CNBC is the number one business and financial news network on the planet. Join us on YouTube as we take you around the world, give you the tools you need to get ahead in business, and explain the stories making the headlines from London to Singapore....