Reuters: Why the UAE no longer needs OPEC

Why the UAE no longer needs OPEC

The timing was almost theatrical. All day Tuesday, Emirati officials and government-aligned accounts had seeded social media with hints that something transformative was coming. Then Mohammed bin Salman took his chair in Jeddah. Saudi Arabia's crown prince — and, increasingly, Abu Dhabi's chief rival for Gulf supremacy — had convened an emergency GCC summit. He had barely called the room to order when Abu Dhabi detonated its surprise. After nearl