Business

UAE to exit OPEC, OPEC+ from May 1; calls move strategic decision

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UAE to exit OPEC, OPEC+ from May 1; calls move strategic decision

In a major shake-up for global oil markets, the United Arab Emirates will withdraw from OPEC and OPEC+ with effect from May 1, AFP reported citing state media on Tuesday.“This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile,” the official WAM news agency said, AFP quoted.(This is developing story)



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