UAE’s OPEC Exit Could Mean More To Follow… And Remove The Cap

The UAE’s decision to leave OPEC and OPEC+ effective May 1 raises a larger threat than the loss of one producer: it may show other ambitious members that the fastest way around production limits is to quit the cartel. The Middle East government announced the exit on Tuesday after reviewing its “current and future capacity,” […] The post UAE’s OPEC Exit Could Mean More To Follow… And Remove The Cap appeared first on the deep dive.