#1 out of 7609.68%
business18h ago
UAE quits Opec in win for Trump as oil cartel weakened
Theguardian.com and 16 more
- The UAE will leave OPEC, stripping the oil cartel of one of its largest producers and shifting leverage in global oil markets.
- Analysts see the move as part of a Gulf realignment, with possible future breaks from multilateral groups shaping energy strategy.
- Brent crude trades above 111 dollars a barrel, showing ongoing demand pressures even as the UAE departs from OPEC.
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