WHY UAE LEFT OPEC
Global Affairs Session 26 30 April 2026 WHY UAE LEFT OPEC Oil nationalism, Saudi rivalry and the struggle for market share This session examines the oil-market logic behind the UAE’s break with OPEC: an economy with low production costs and diversified revenues seeks greater sales volume and market share, while Saudi Arabia requires higher prices and stricter production cuts. The dispute extends into Gulf leadership, OPEC+ relations with Russia, American strategy, Asian demand and the growing need to finance hydrogen, ammonia and renewable-energy ambitions.