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The UAE Quit OPEC Because Its Sovereign Wealth Now Dwarfs Oil
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The UAE Quit OPEC Because Its Sovereign Wealth Now Dwarfs Oil

Forbes · May 2, 2026, 10:00 AM

The UAE left OPEC because its $1.7 trillion sovereign wealth portfolio now matters more than the price of crude. Higher oil prices can hurt Abu Dhabi as much as help it.

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