Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit
The UAE’s departure removes spare capacity and deepens a long-running quota dispute, leaving Prince Abdulaziz bin Salman with a tougher test of OPEC+ authority.
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7 Articles
The Japan Times
The Straits TimesSaudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit
The departure poses a formidable test for the first royal Saudi oil minister whose style has shifted from diplomacy to increasingly unilateral decision-making.
More recently, the world of large oil money seemed orderly and predictable — the Gulf oil States showed almost unconditional unity, but in the spring of 2026 it gave a crack: the United Arab Emirates announced its withdrawal from OPEC and OPEC+ as of 1 May; this occurred against the backdrop of a conflict with Iran that had already affected navigation in the Strait of Ormuz and rocked oil markets; the UAE's position is formally "national interes…
UAE exits OPEC, raising oil supply concerns amid regional tensions
The UAE's OPEC exit may heighten regional tensions, disrupt oil supply, and drive global price volatility, impacting energy markets significantly. The post UAE exits OPEC, raising oil supply concerns amid regional tensions appeared first on Crypto Briefing.
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