UAE leaves OPEC in blow to oil cartel • FRANCE 24 English (youtube.com)
It has wanted to increase output for a while now. 'Restrictive production quotas'.
UAE said it was the right time, because market is undersupplied, and UAE's withdrawal now would have a minimum impact on price and UAE's friends.
Disagreements with KSA, the central banker of the oil markets.
The OPEC oil is largely stuck in Hormuz anyway.