The United Arab Emirates, one of the world’s major oil producers, will leave the Organization of Petroleum Exporting Countries (OPEC/OPEC+) effective May 1, state news agency WAM said Tuesday morning.
The decision “reflects the UAE’s long-term strategic and economic vision and evolving energy profile,” WAM wrote on Tuesday, based on “our national interest and our commitment to contributing effectively to meeting the market’s pressing needs.”
Jake Conley | Yahoo Finance