Event Overview
United Arab Emirates will leave OPEC in a blow to the oil cartel
target="_blank">United Arab Emirates will leave OPEC in a blow to the oil cartel AP News This cluster currently includes 2 articles from 2 sources.
This cluster currently includes 2 articles from 2 sources. Sources in this event include France 24, Associated Press.
Left / left-center
1
Center
1
Right / right-center
0
United Arab Emirates will leave OPEC in a blow to the oil cartel
The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices. The UAE's decision had been rumored as a possibility for some time, as it pushed back in recent years against OPEC.
United Arab Emirates will leave OPEC in a blow to the oil cartel
The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe. This is a locator map for United Arab Emirates with its capital, Abu Dhabi. (AP Photo) The logo.