BBC News – World
·world
·1 hour ago
UAE quits Opec, weakening cartel's grip on global oil prices
The United Arab Emirates announced its departure from Opec, with analysts calling it "the beginning of the end" for the oil producers' group. The UAE, the world's third-largest oil exporter, produced 3.1 million barrels daily in 2025 and could increase output by one million barrels after leaving. The exit weakens Opec's ability to influence global oil prices through coordinated production.
Summary by Glance · BBC News – World
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