UAE quits OPEC: What that means for the Gulf, energy markets and beyond

After decades of membership, the United Arab Emirates has decided to quit the oil producers’ group, OPEC, in order to focus on “national interests” and forge its own path, it has said. The move is seen as a major blow to the Vienna-based oil cartel – but will not spell the end of it altogether, observers say.

The UAE’s decision to quit comes after years of open dissatisfaction with the oil carte...