The United Arab Emirates announced on Tuesday that it will leave the Organisation of the Petroleum Exporting Countries (Opec) and the wider Opec+ alliance effective May 1, a move that signals a push for greater control over its production strategy.
The decision followed โa comprehensive reviewโ of the countryโs production policy and capacity, the Ministry of Infrastructure said in a statement, adding that it was based on national interests and a commitment to help meet global market...
The United Arab Emirates announced on Tuesday that it will leave the Organisation of the Petroleum Exporting Countries (Opec) and the wider Opec+ alliance effective May 1, a move that signals a push for greater control over its production strategy.
The decision followed โa comprehensive reviewโ of the countryโs production policy and capacity, the Ministry of Infrastructure said in a statement, adding that it was based on national interests and a commitment to help meet global market...