Fracture of an Oil Cartel
April 29, 2026Last Tuesday, April 28, the United Arab Emirates announced its withdrawal from OPEC and OPEC+, effective May 1. Fifty-nine years of membership in the oil cartel, swept away in a press release and a CNBC interview. Questioned by Reuters, Energy Minister Suhail Al Mazrouei specified that he had “not raised the issue with other countries”…