oil split
UAE quits OPEC
The breakup, which takes effect May 1, comes as Gulf oil and LNG producers struggle to move exports while Iran blocks the Strait of Hormuz
Vidhyaa Chandramohan/Bloomberg via Getty Images
Business towers in Abu Dhabi
Add The Circuit on GoogleThe UAE said it is quitting OPEC, delivering a powerful blow to the alliance amid disruptions to the global energy business triggered by the Iran war.
“This decision follows a comprehensive review of the UAE’s production policy and...
