UAE to quit global oil cartel OPEC, citing 'national interests'

The UAE's departure from OPEC highlights a growing trend among oil-producing nations to prioritize national strategies over collective agreements. This move may lead to increased competition among oil producers and could further destabilize the already volatile energy market. As the UAE seeks to assert its independence, it raises questions about the future cohesion of OPEC and the effectiveness of its strategies in managing oil supply and prices.