UAE leaves OPEC and OPEC+ in major blow to global oil producers' group

The United Arab Emirates said it was quitting OPEC and OPEC+, dealing a heavy 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.

UAE leaves OPEC and OPEC+ in major blow to global oil producers' group
The United Arab Emirates said it was quitting OPEC and OPEC+, dealing a heavy 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.