How UAE exiting OPEC marks Gulf tensions, rivalry with Saudi Arabia & mid-war strategic realignment

#cuttheclutter UAE has announced it will leave OPEC on 1 May. The move from UAE has come amid the war in Iran, and the country's growing rift with Saudi Arabia, which is considered to be the de-facto leader of OPEC bloc. #CutTheClutter episode 1832 explains reasons behind UAE's departure from OPEC, its rivalry with Saudi Arabia, and what it may mean for oil prices. ThePrint Editor-in-Chief Shekhar Gupta also explains what is OPEC, how it has moved from 6 to 16 and now 12 members & why UAE will be able to increase its oil production now. ‪@amityuni‬ --------------------------------------------------------------------------------------------- To Watch CutTheClutter:    • Why allies Saudi Arabia & UAE are fighting...   --------------------------------------------------------------------------------------------- To Watch CutTheClutter:    • Understanding clout of tiny rich nation as...   --------------------------------------------------------------------------------------------- To Read FT Article: https://www.ft.com/content/99073d6e-4... --------------------------------------------------------------------------------------------- Exclusive content, special privileges & more – Subscribe to ThePrint for Special benefits: https://theprint.in/subscribe/ --------------------------------------------------------------------------------------------- Connect with ThePrint » Subscribe to ThePrint: https://theprint.in/subscribe/ » Subscribe to our YouTube Channel: https://bit.ly/3nCMpht » Like us on Facebook:   / theprintindia   » Tweet us on Twitter:   / theprintindia   » Follow us on Instagram:   / theprintindia   » Find us on LinkedIn :   / theprint   » Subscribe to ThePrint on Telegram: https://t.me/ThePrintIndia » Find us on Spotify: https://spoti.fi/2NMVlnB » Find us on Apple Podcasts: https://apple.co/3pEOta8