Has the world’s most powerful cartel met its end?

The United Arab Emirates withdrew from OPEC, potentially signaling the cartel's decline after 66 years. The UAE departure costs OPEC about 15 percent of capacity and removes a compliant member, analysts say. Saudi Arabia now faces pressure maintaining production quotas and unity, while the U.S. gains influence in global energy markets through the Gulf region.

Summary by Glance · ABC News – Australia