More: OPEC
The Evolution of OPEC: From Oil Cartel to Crisis Manager
Origins of OPEC and the Oil Shocks
OPEC was initially formed in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela to protect the national...
Could Iraq Quit OPEC if Production Quota Dispute Escalates?
Iraq is considering all available options, including a potential exit from OPEC, if the producer group does not significantly increase its oil production quota,...
Could Hormuz Reopening Trigger an OPEC Crisis?
The Strait of Hormuz has long been the most important chokepoint in global energy markets, carrying nearly one fifth of the world's oil and...
UAE’s OPEC Exit: Implications and Opportunities for India’s Oil Diplomacy
Authors: Edberg D. Cheeran and Agnes Mary Jaison*
The United Arab Emirates (UAE) has been operating for more than six decades in the Organization of...
Nigeria’s Oil Sector Under Pressure After Abu Dhabi’s OPEC Exit
After 60 years as a member of the Organization of the Petroleum Exporting Countries (OPEC), the United Arab Emirates (UAE) has decided to officially...
UAE Left OPEC to Boost Oil Production as ‘End of Oil Era’ Nears
The UAE's departure from OPEC, which took effect on May 1, was planned over three years and is based on the belief that the...
Why OPEC’s Foundational Conditions No Longer Hold for the UAE
The institutions that govern producer cartels rest on a set of conditions that are usually invisible because they hold uniformly across the membership. When...
How Trump’s Oil Strategy May Have Broken OPEC and Destabilized Markets
For decades, the Organization of the Petroleum Exporting Countries has acted as the central stabilizing force in global oil markets, carefully adjusting production to...
UAE Says Exit from OPEC Aimed at National Strategy, Not Regional Rivalry
The United Arab Emirates has formally exited OPEC and the broader OPEC+ alliance, marking a significant shift in Gulf energy politics. The decision, announced...
China and UAE’s Exit from OPEC: Risks and Opportunities
The United Arab Emirates' announcement of its withdrawal from OPEC and the OPEC+ alliance, effective May 1, 2026, represents a major strategic shift in...