United Arab Emirates to leave OPEC on May 1 in shocking blow to world’s largest oil cartel amid Iran war

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global energy supplies.

Though the Middle Eastern nation did not give a reason for its exit, some of its oil infrastructure was recently damaged by drone strikes from fellow OPEC member Iran amid the US and Israel’s war with Tehran.

Energy exports from the UAE – the third-largest oil producer in OPEC behind Saudi Arabia and Iraq – have also been severely continue reading …

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