UAE’s departure from Opec tells a story about the limited future of oil production

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 UAE’s exit will be limited. The world still needs every available barrel of oil, and the UAE accounts…

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