The Saudi Arabia-UAE rift that froze OPEC is a sign of things to come, experts say

“We’re coming out of this pandemic where every country in the world needs to figure out a way to economically recover,” Tobias Borck, a research fellow specializing in Gulf affairs at the Royal United Services Institute in London, told CNBC. “But for the Gulf monarchies, especially for Abu Dhabi and Saudi Arabia, that is compounded by the fact that they are also under pressure to figure out a way to transform their economies and get away from relying on oil.”