Brisbane Times
·general
·2 hours ago
UAE exits OPEC, advancing Trump's goal to weaken oil cartel
The United Arab Emirates withdrew from OPEC on May 1, advancing Donald Trump's goal of weakening the oil cartel. The UAE, OPEC's third-largest producer since 1967, had long clashed with Saudi Arabia over production quotas and investment returns. The departure reflects growing regional realignment toward transactional relationships with the United States rather than OPEC solidarity.
Summary by Glance · Brisbane Times
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