UAE’s damaging exit from OPEC rattles global oil markets
The United Arab Emirates has formally withdrawn from both OPEC and its broader alliance, OPEC+, dealing a significant blow to the oil-producing coalition and its de facto leader, Saudi Arabia, at one of the most volatile moments in recent energy history. The announcement, made Tuesday, April 28, marks a pivotal shift in global oil governance. […] The post UAE’s damaging exit from OPEC rattles global oil markets appeared first on Rolling Out.
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The United Arab Emirates has formally withdrawn from both OPEC and its broader alliance, OPEC+, dealing a significant blow to the oil-producing coalition and its de facto leader, Saudi Arabia, at one of the most volatile moments in recent energy history. The announcement, made Tuesday, April 28, marks a pivotal shift in global oil governance. […]
The post UAE’s damaging exit from OPEC rattles global oil markets appeared first on Rolling Out.
