According to CNBC, the United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking the question of who else could follow.
The United Arab Emirates has announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1, according to a report by CNBC.
The move, described as a result of a comprehensive review of the UAE's production policy, has sent ripples through global energy markets, highlighting growing fractures within the cartel as production quotas and geopolitical tensions continue to strain member unity.
Energy prices have responded to the development, with Brent crude rising on concerns over the potential for further OPEC instability and the for global oil supply.