🆕The exit of a country from an oil cartel can lead to a decrease in oil prices.

The exit of a country from an oil cartel can lead to a decrease in oil prices, as the country is no longer bound by the production quotas set by the cartel. For example, the exit of Qatar from OPEC in 2019 led to a decrease in oil prices. The decrease in oil prices can have a positive impact on the global economy, as it can lead to an increase in economic growth. According to a study by Hamilton (2020), the exit of a country from an oil cartel can lead to a decrease in oil prices of up to 5%.