The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high | Editorial

NEWS SUMMARY

The United Arab Emirates announced its departure from Opec after 60 years, a geopolitical decision driven by regional tensions and differing production policies with Saudi Arabia. This move weakens the cartel's influence on global oil markets, potentially leading to increased price volatility.

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The world must accelerate the shift to renewables, regardless of the economic effects of Abu Dhabi’s decisionOpec appears to be the latest casualty of the Iran war. On Tuesday, the United Arab Emirates announced that it was leaving the oil cartel after 60 years.

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