In five charts - How UAE's exit could affect Opec's influence over the oil price

The United Arab Emirates plans to leave Opec, seen as a significant blow to the organization, with some analysts calling it "the beginning of the end of Opec." This departure comes amid significant volatility in the oil market, exacerbated by the US-Israel war with Iran, leading to record oil supply losses. Opec, founded in 1960, aims to influence global oil prices by coordinating production among its members.