The United Arab Emirates is exiting OPEC and OPEC+ after more than 50 years, delivering a major blow to the oil alliance as geopolitical tensions roil energy markets. The move, driven by a push for greater production flexibility and long-term strategy, could weaken OPEC’s grip on global supply and reshape the balance of power in the oil industry. Andrea Heng and Hairianto Diman find out more with Jaime Brito, Executive Director, Refining and Oil Markets, OPIS by Dow Jones.

The United Arab Emirates is exiting OPEC and OPEC+ after more than 50 years, delivering a major blow to the oil alliance as geopolitical tensions roil energy markets. The move, driven by a push for greater production flexibility and long-term strategy, could weaken OPEC&rsquo;s grip on global supply and reshape the balance of power in the oil industry. Andrea Heng and Hairianto Diman find out more with Jaime Brito, Executive Director, Refining and Oil Markets, OPIS by Dow Jones.

The best interviews from CNA938 on Singapore news, current affairs, health, entertainment and money.

The best interviews from CNA938 on Singapore news, current affairs, health, entertainment and money.

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The best interviews from CNA938 on Singapore news, business updates, entertainment and food.

The best interviews from CNA938 on Singapore news, business updates, entertainment and food.