The skyline of Dubai is seen on March 11, 2026.
(Giuseppe CACACE / AFP via Getty Images)
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The UAE's Exit From OPEC Further Diminishes the Oil Cartel's Relevance

Apr 28, 2026 | 20:25 GMT

The UAE's exit will enable it to boost production more quickly once shipping through the Strait of Hormuz normalizes, while hindering OPEC's ability to manage the subsequent price drops.

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