May 14, 2026
Does OPEC Still Matter?
This article was originally published in War on the Rocks.
On April 28, the United Arab Emirates announced that it would leave OPEC, effective May 1 — ending nearly six decades as an OPEC member. In terms of oil production, it is the most significant country to leave the group. While multiple factors drove the decision to leave, the timing is notable — as the war with Iran has led to the closure of the Strait of Hormuz and focused global attention on oil prices. We asked four experts to consider the impact on OPEC’s future.
Read the full article in War on the Rocks.
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