The UAE’s Opec exit was both inevitable and rational
Matein Khalid It is significant that Abu Dhabi joined Opec from the moment the emirate exported its first barrel of oil in 1967, four years before the birth of the UAE itself. For 59 years the UAE was a member of Opec enduring an era of multiple shocks, wars, revolutions, recessions, banking crises, oil price wars, supply shocks, embargoes and the pandemic. Saudi Arabia has been the ultimate power […]