Virtual Briefing Series | The UAE’s OPEC Exit

Description

This briefing discussed the United Arab Emirates’ decision to leave OPEC. Rumors of the UAE’s departure have been swirling for years with Emirati officials complaining of limiting quotas impacting their oil exports. Why now? This briefing featured F. Gregory Gause III,  Associate Fellow at MEI and author of three books focused on the Persian Gulf. The discussion also featured MEI Senior Fellow Colby Connelly, who focuses on oil and natural gas markets. Connelly is also the head of Middle East content at Energy Intelligence, based in Dubai. Our experts discussed the UAE’s OPEC departure, prospects that the Gulf country may leave other regional organizations; the implications for broader Gulf cooperation; consequences for the oil cartel’s influence on international markets; and what it all means for global energy security.