UAE To Withdraw From OPEC, OPEC+

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The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on “national interests”, a statement said on Tuesday, a bombshell announcement as energy prices soar over the Middle East war.

The UAE, one of the world’s top oil producers, which has previously baulked at OPEC production quotas, will pull out on Friday, a statement carried by the official WAM news agency…

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