Behold, the decline of the OPEC and the twilight of the Arab oil age
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A geopolitical paradigm shift is taking place in the region
Original article
The Globe and Mail
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountRashid Husain Syed is a Toronto-based journalist, consultant and energy analyst. He has worked in Saudi Arabia for 25 years.The abrupt decision on Tuesday by the United Arab Emirates to opt out of the Organization of Petroleum Exporting Countries and the OPEC+, which also includes Russia among others, is a major blow to the cartel.The UAE was the third-largest OPEC oil producer, and its spare capacity was second only to Saudi Arabia.
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