Source: International Business Times
The UAE announced it will leave the OPEC cartel and the OPEC+ group as of May 1. AFP The United Arab Emirates announced it will leave the OPEC cartel and the wider OPEC+ group as of next month amid cooler relations with other members, particularly Saudi Arabia. The Associated Press reported on Tuesday that the move had been rumored for a while as the UAE appeared to disagree with production restrictions decided by the group.
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