UAE formally exits OPEC and OPEC+ on May 1, ending nearly 60 years of membership and enabling independent oil production levels.
The United Arab Emirates formally exits OPEC and OPEC+ on May 1 after nearly six decades of membership. The move allows the UAE to set its own production levels outside the group's quota system as it seeks to expand output capacity.
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The United Arab Emirates formally exits OPEC and OPEC+ on May 1 after nearly six decades of membership. The move allows the UAE to set its own production levels outside the group's quota system as it seeks to expand output capacity.
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