UAE Says It Will Leave OPEC as Iran War Strains Oil Markets - The New York Times
The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC’s influence.
What Is OPEC, and How Does the Oil Cartel Influence Petroleum Prices? - The New York Times
The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members have influenced energy markets through the years.
Amid Iran War and Tensions with Neighbors, U.A.E. Goes Its Own Way - The New York Times
The United Arab Emirates’ decision to leave OPEC has rocked the region, underscoring how the country, at odds with Saudi Arabia, is increasingly charting its own course.
