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UAE’s damaging exit from OPEC rattles global oil markets

7h

The United Arab Emirates has formally withdrawn from both OPEC and its broader alliance, OPEC+, dealing a significant blow to the oil-producing coalition and its de facto leader, Saudi Arabia, at one of the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 postUAE’s damaging exit from OPEC rattles global oil marketsappeared first onRolling Out.

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