Lena Petrova: UAE Ditches OPEC, Oil Prices Surge, Global Power Shift Accelerates

The global energy landscape witnessed a historic turning point, recently with the announcement that the United Arab Emirates (UAE) has officially decided to leave the Organization of the Petroleum Exporting Countries (OPEC). After more than 50 years of membership, the UAE’s departure—announced on April 28 and effective as of May 1—marks a monumental shift. As one of the world’s most significant producers, the UAE’s move away from the traditional cartel model signals a new era of independence that could redefine how energy is traded and priced on the global stage. The primary driver behind this departure is the UAE’s desire…