The United Arab Emirates announced it will leave OPEC and stop complying with Saudi-imposed production quotas in a dramatic move that threatens to dismantle one of the world’s most influential organizations.
The decision aims to establish Abu Dhabi as an independent energy power capable of maximizing profits amid market vacuums. The move could fundamentally alter the economic and political balance of power in the Middle East.
The announcement sent shockwaves through global energy markets, where OPEC has long controlled oil supply and pricing through coordinated production limits among member states.