OPEC, oil cartels lose a member: Why UAE is pulling out from groups

DUBAI, United Arab Emirates — The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on “national interests”, it announced on Tuesday, causing fresh shockwaves as energy prices soar over the Middle East war. The UAE, one of the world’s top oil producers, which has previously chafed at OPEC production

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