What are OPEC and OPEC +, and why has the UAE quit?

SITREP: The United Arab Emirates has announced its departure from OPEC, a coalition established to unify oil pricing strategies among member states. This exit marks a significant shift in the dynamics of the organization. TACTICAL ASSESSMENT: The UAE's withdrawal from OPEC could lead to increased volatility in global oil markets as it may pursue independent pricing strategies. This move may also indicate a broader trend of discontent among member states regarding production quotas and market influence. PROJECTED VECTORS: Further exits from OPEC could occur if member states feel their interests are not being adequately represented.