Saudi Rift, Iran War and Hormuz Trap: Factors That May Have Pushed UAE to Quit OPEC

“Long before the Iran war, UAE toyed with the idea of leaving OPEC+ because of differences with Saudi Arabia about wanting a production quota of 5M bpd,” renowned oil economist Dr. Mamdouh G. Salameh told Sputnik, commenting on Abu Dhabi’s announcement Tuesday that it would be quitting the organization effective May 1.