Published in Slate.fr
My article on Slate.fr: the real reason behind the UAE's departure from OPEC
I have just published an article on Slate.fr on the reasons behind the UAE’s withdrawal from OPEC.
Slate.fr
Slate.fr is a leading French online news outlet, founded in 2009, that analyses French and international current affairs with an analytical perspective. A subsidiary of the American Slate group, it publishes in-depth articles, investigations and opinion pieces on politics, economics, geopolitics and society.
The argument: the real reason behind the UAE’s departure from OPEC
The press interpreted the UAE’s withdrawal from OPEC as a reaction to the Iran-Hormuz war. In this article, I show that this reading is misleading: the departure is the culmination of a fifteen-year strategy, set in motion well before the Hormuz crisis, aimed at maximising oil rent before hydrocarbon reserves run dry.