The silence from Riyadh tells its own story. Days after the United Arab Emirates stunned its neighbours by announcing its immediate exit from Opec, neither the oil cartel nor its de facto leader Saudi Arabia has offered any public response.
The vacuum reflects both the shock of the decision and the position that Saudi Arabia, the world’s top oil exporter, has found itself in. While the country’s rift with the UAE has been simmering for several years, the timing of the announcement, in the middle of a regional war, caught many off-guard.
Several people familiar with the situation said Riyadh received little warning and no opportunity to negotiate before a formal letter was delivered to Prince Abdulaziz bin Salman, the Saudi oil minister.
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