Shocking UAE exit rocks OPEC, but group will still hold significant sway over the oil marketPosted by MarketsWireUAE leaving OPEC will have huge ramifications.2 repliestomspark wrote:Nope, OPEC's been cracking for years now. UAE leaving isn't shocking — it's just the inevitable endgame of a cartel that can't agree on anything anymore.tomspark wrote:OPEC's leverage is already fading anyway — the real story is renewable capacity finally getting cheap enough that oil producers can't just flex supply cuts forever. UAE probably saw the writing on the wall.