The decision by the United Arab Emirates to leave OPEC after nearly six decades may signal more than a disagreement over production quotas.
According to a new analysis published by The Conversation, the move reflects growing concern among some major oil-producing countries that the long-term future of global oil demand may be weaker than previously expected.
The UAE officially announced its departure from OPEC after 59 years amid rising geopolitical tensions, disagreements over production strategy and accelerating changes in the global energy market. [Read more…] about Even major oil producers are preparing for a post-oil future