Could OPEC Lose Its Grip on Oil?

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At the beginning of the week, the United Arab Emirates announced its withdrawal from Opep and the Opep+ alliance. An effective start from this May 1st, which weakens the organization and raises questions about its survival. The shock wave was expected, but it remains a historic one. The United Arab Emirates officially announced at the beginning of the week its withdrawal from the Organization of Petroleum Exporting Countries (OPEC) and the Opep+…

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The withdrawal of the United Arab Emirates (UAE) from the Organization of Petroleum Exporting Countries (OPEC), formalized in April 2026, marks a strategic turning point for the world oil market. Abu Dhabi, who joined this organization in 1967, will officially leave it on 1 May 2026 as much as OPEC+ which includes Russia. In the analysis, this...