The United Arab Emirates is breaking away from OPEC, announcing Tuesday it will exit the oil cartel effective May 1 in a move that could shake global energy markets.
The decision lands as a major setback for OPEC, the alliance that has long coordinated oil production among some of the world’s biggest exporters.
The timing is hard to ignore. The UAE has been under sustained pressure from fellow OPEC member Iran, ...... to continue reading, follow the link below
Read more about JUST IN: UAE Quits OPEC In Major Blow To Iran, Middle East Oil Cartel
The decision lands as a major setback for OPEC, the alliance that has long coordinated oil production among some of the world’s biggest exporters.
The timing is hard to ignore. The UAE has been under sustained pressure from fellow OPEC member Iran, ...... to continue reading, follow the link below
Read more about JUST IN: UAE Quits OPEC In Major Blow To Iran, Middle East Oil Cartel