The UAE’s exit marks a blow to OPEC’s power. What’s the future of the oil cartel?
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Article Excerpt
OPINION
The UAE’s exit marks a blow to OPEC’s power. What’s the future of the oil cartel?
ERIC REGULY
EUROPEAN BUREAU CHIEF
ROME
PUBLISHED APRIL 28, 2026
UPDATED APRIL 29, 2026
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The UAE has sustainable production capacity of 4.85 million barrels a day, but under OPEC, it’s capped at 3.4 million – 30 per cent below its capacity.
LISA LEUTNER/THE ASSOCIATED PRESS
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The incredible shrinking OPEC oil cartel shrank again on Tuesday whe…
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