UAE quits OPEC in major blow to global oil producers group
The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.
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UAE quits OPEC in major blow to global oil producers groupReutersPublished 1 hour agoThe United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.ReutersPlease enable JavaScript to view this content.ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountMost PopularUAE quits OPEC in major blow to global oil producers groupVideo1:27Jimmy Kimmel says joke about Melania was not a 'call to assassination'Video1:53Elon Musk vs Sam Altman: Legal showdown begins in CaliforniaVideo2:43Taylor Swift files to trademark voice, likeness to fight deepfakesVideo0:45King Charles starts U.S.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.