Event Overview
Why the UAE and Saudi Arabia Have Drifted Apart
Officials in the United Arab Emirates have framed their decision to quit the OPEC group of oil producing nations as an opportunity to respond more nimbly to the energy crisis caused by the Iran war. This cluster currently includes 2 articles from 2 sources.
This cluster currently includes 2 articles from 2 sources. Sources in this event include Associated Press, Bloomberg.
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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.
Why the UAE and Saudi Arabia Have Drifted Apart
Officials in the United Arab Emirates have framed their decision to quit the OPEC group of oil producing nations as an opportunity to respond more nimbly to the energy crisis caused by the Iran war.