BBC News – World
·world
·2 hours ago
United Arab Emirates to quit oil cartel Opec
The United Arab Emirates has announced its exit from the Opec and Opec+ oil cartel after nearly 60 years. This decision, driven by a long-term strategic vision, reduces Opec's capacity by 15%, leaving it with 11 members. Analysts suggest that the UAE's departure marks a significant shift in the geopolitics of the Middle East and global oil markets.
Summary by Glance · BBC News – World
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