Saudi-Pak Vs UAE: did this secret rivalry force Abu Dhabi out of world’s most powerful oil cartel?
Published on May 02, 2026 07:27 pm IST
The UAE’s dramatic exit from OPEC after 58 years has sent shockwaves across global oil markets. Emirati journalist Mohamed Al-Hammadi says the move was carefully timed to boost production without disrupting prices. He linked the decision to regional tensions, including the US-Israeli war on Iran, Gulf attacks, and the Strait of Hormuz closure. With nearly 1.5 million barrels per day restricted under OPEC+, the UAE now aims to maximize output, protect consumers, and strengthen its economic independence while keeping oil prices stable and markets reassured.
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