What are OPEC and OPEC +, and why has the UAE quit?
The Gulf state is the latest to quit the group, which was created to form a united front on oil pricing.
ORIGINAL SOURCE →via Al Jazeera
ADVERTISEMENT
⚡ STAY AHEAD
Events like this, convergence-verified across 689 sources, land in your inbox every Sunday. Free.
GET THE SUNDAY BRIEFING →RELATED · AE
- [ENERGY] UAE taking advantage of long-term global energy needs by leaving OPEC - analysis
- [ENERGY] UAE pulls out of OPEC oil cartels citing 'national interests'
- [ENERGY] Oil Gains as Supply Risks Persist
- [ENERGY] UAE quits OPEC in major blow to global oil producers' group
- [CONFLICT] Citadel receives regulatory approval to operate in Dubai
- [ENERGY] Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide