UAE’s shock exit: An existential crisis for OPEC? An economist weighs in
Orientul Mijlociu
The United Arab Emirates said on Tuesday (Apr 28) it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups at a time when the Iran war has caused a historic energy upheaval and unsettled the global economy. The UAE will leave the organisations effective May 1. Claudio Galimberti, chief economist at Rystad Energy, says that while OPEC has weathered bigger storms before – from wars to past member departures – this time may be different. He discusses on CNA’s Asia First what UAE’s
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