Faisal Islam: Why the UAE’s exit from Opec is a big deal
[Getty Images] The United Arab Emirates (UAE) has announced its sudden withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), which is a very big deal. Emiratis have been members of the organization since before it became a nation-state in 1971. OPEC, a group of mostly Gulf oil exporters, has for decades controlled crude…