Preliminary Examination: Current events of national and international importance. Mains Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests. Key Points to Ponder: • Why is the UAE leaving OPEC and OPEC+? • What does the UAE move mean? • What is the Organisation of the Petroleum Exporting Countries (OPEC)? • What is the difference between OPEC and OPEC+? • What does OPEC and OPEC+ do? • How does OPEC+ influence global oil prices and geopolitics? • UAE to exit OPEC+ and OPEC—What could this mean for oil prices? • How much oil do OPEC and OPEC+ countries produce? • Why OPEC is also called as a ‘cartel’? • Have other countries left OPEC? • Which countries are in OPEC and OPEC+?…