DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC and its wider OPEC+ group effective May 1, a move rumored for some time as the Emirates chafed under production restrictions and had increasingly frosty relations with neighboring Saudi Arabia. The UAE had been a […]

DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC and its wider OPEC+ group effective May 1, a move rumored for some time as the Emirates chafed under production restrictions and had increasingly frosty relations with neighboring Saudi Arabia. The UAE had been a […]

The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.

The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.