UAE to leave OPEC: Significance, production capacity status and past stand-offs
The United Arab Emirates has announced that it will be leaving the Organization of Petroleum Exporting Countries (OPEC) and its alliance OPEC+ starting Friday, May 1, to meet changing demand and gradually ramp up production. This marks an end to over six decades of Abu Dhabi’s association with the cartel, which began in 1967 under…
