The Age
·general
·2 hours ago
UAE exits OPEC, advancing Trump's push to weaken oil cartel
The United Arab Emirates left OPEC on May 1, advancing President Donald Trump's goal of weakening the oil cartel. The UAE, OPEC's third-largest producer since 1967, sought higher production quotas that Saudi Arabia opposed. The departure reflects broader regional realignment toward transactional relationships with the United States rather than collective Arab interests.
Summary by Glance · The Age
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