United Arab Emirates says it will permanently leave OPEC on May 1
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The United Arab Emirates said on Tuesday that it is leaving the OPEC oil cartel after more than 50 years of membership. The UAE said its decision to exit OPEC followed an "extensive review" of its …
The United Arab Emirates said on Tuesday that it is leaving the OPEC oil cartel after more than 50 years of membership. The UAE said its decision to exit OPEC followed an "extensive review" of its production policy and future capacity. The statement also cited "geopolitical fluctuations" affecting short-term oil supplies, a reference to the Iran war. …
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