#cuttheclutter UAE has announced it will leave OPEC on 1 May. The move from UAE has come amid the war in Iran, and the country's growing rift with Saudi Arabia, which is considered to be the de-facto leader of OPEC bloc. #CutTheClutter episode 1832 explains reasons behind UAE's departure from OPEC, its rivalry with Saudi Arabia, and what it may mean for oil prices. ThePrint Editor-in-Chief Shekhar Gupta also explains what is OPEC, how it has moved from 6 to 16 and now 12 members & why UAE will be able to increase its oil production now.  @amityuni  --------------------------------------------------------------------------------------------- To Watch CutTheClutter: https://youtu.be/2t-Sd-eibUc --------------------------------------------------------------------------------------------- To Watch CutTheClutter: https://www.youtube.com/watch?v=D66tuoMp7DY --------------------------------------------------------------------------------------------- To Read FT Article: https://www.ft.com/content/99073d6e-4b57-417f-88fb-7a2c0e55eef3?syn-25a6b1a6=1 ---------------------------------------------------------------------------------------------