UAE’s departure from Opec tells a story about the limited future of oil production
- Written by: Adi Imsirovic, Lecturer in Energy Systems, University of Oxford
The decision by the United Arab Emirates to leave the oil producers’ cartel Opec after 59 years is more than a symbolic break. It highlights a growing divide among major oil producers over how to respond to a changing energy landscape, and will weaken the group’s ability to manage global supply.
In the short term, the impact of the...







