7 News ·general ·3 hours ago

United Arab Emirates exits OPEC after 56 years of membership

The United Arab Emirates will exit OPEC effective May 1, ending a 56-year membership amid production restrictions and tensions with Saudi Arabia. The UAE stated the decision aligns with its long-term economic vision and commitment to global energy markets. Relations between the two nations have increasingly strained over economic issues and regional politics.

Summary by Glance · 7 News

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