Fortune•
VAE verlaat OPEC vanwege spanningen met Saoedi-Arabië en oorlog in Iran
Back to overview
The UAE's April 28 announcement to leave OPEC ends years of tension with the cartel over production quotas and strained relations with Saudi Arabia. According to Johns Hopkins economist Steve Hanke, regional instability from the Iran conflict prompted the UAE to prioritize immediate profit maximization over OPEC restrictions. The UAE plans to increase oil production gradually while framing the move as part of its long-term energy strategy, avoiding market disruption.
Read full article
1 views