UAE’s OPEC Exit: Pragmatic Oil Policy, Not ‘Stranded Assets’ Panic

The UAE’s departure, the largest and most consequential since the cartel’s founding, weakens OPEC+ materially and reputationally, but it does so because of internal rifts, US supply abundance and regional conflict — not because Abu Dhabi’s planners have swallowed the IEA’s Net Zero Kool-Aid. The post UAE’s OPEC Exit: Pragmatic Oil Policy, Not ‘Stranded Assets’ Panic appeared first on Watts Up With That?.