Why The UAE Walked Away From OPEC

CNBC International • 2026-05-27T04:00:15Z • 11:34:00 • advanced • Business

Lead

The recent decision by the United Arab Emirates to leave OPEC has sent shockwaves through the global energy market, raising questions about the future of oil production and geopolitical alliances in the region.

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Q1. What was the main reason for the UAE's departure from OPEC?

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Q2. How long had the UAE been a member of OPEC before its exit?

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Q3. What percentage of the UAE's GDP is currently represented by oil?

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Q4. Which country has long been considered the de facto leader of OPEC?

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Q5. What new strategy is the UAE pursuing following its exit from OPEC?

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Vocabulary

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geopolitics

/ˌdʒiːoʊˈpɒlɪtɪks/

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Definition

The study of the effects of geography on international politics and international relations.

Example

The ongoing conflict in the region has significant implications for global geopolitics.

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seismic

/ˈsaɪzmɪk/

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Definition

Relating to or denoting geological or seismic activity; having a significant impact or effect.

Example

The seismic shift in the economy has left many businesses struggling to adapt.

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schism

/ˈskɪzəm/

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Definition

A split or division between strongly opposed sections or parties, caused by differences in opinion or belief.

Example

The schism within the organization has made it difficult to reach a consensus.

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irritant

/ˈɪrɪtənt/

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Definition

Something that causes annoyance or discomfort.

Example

The constant delays in the project became an irritant for the stakeholders.

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capitalizing

/ˈkæpɪtəˌlaɪzɪŋ/

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Definition

Taking advantage of something to gain a benefit or profit.

Example

The company is capitalizing on the growing demand for renewable energy sources.

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volatile

/ˈvɒlətəl/

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Definition

Liable to change rapidly and unpredictably, especially for the worse.

Example

The stock market can be quite volatile, making it risky for investors.

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