UAE to leave OPEC amid Hormuz oil crisis, a blow to Saudi Arabia


BEIRUT — The United Arab Emirates announced Tuesday that it would exit the Organization of the Petroleum Exporting Countries, or OPEC, along with the wider group of partners known as OPEC+, effective May 1, in what could be a blow to control over prices by the group, long led in practice by Saudi Arabia.



Source link

  • Related Posts

    Man Pleads Guilty to Planning Attack at Taylor Swift Concert in Vienna

    A 21-year-old man pleaded guilty in an Austrian court on Tuesday to charges that he plotted an attack at a Taylor Swift concert in Vienna two years ago, according to…

    LIVE: PSG vs Bayern Munich – Champions League semifinal first leg | Football News

    blinking-dotLive MatchLive Match, Follow the build-up, analysis and live text commentary of the semifinal first-leg from Parc des Princes in Paris. Published On 28 Apr 202628 Apr 2026 Click here…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Trump marks U.S. independence in U.K. welcome speech

    Trump marks U.S. independence in U.K. welcome speech

    Man Pleads Guilty to Planning Attack at Taylor Swift Concert in Vienna

    Man Pleads Guilty to Planning Attack at Taylor Swift Concert in Vienna

    Hezbollah drone strikes target Israeli soldiers in southern Lebanon | Hezbollah

    Hezbollah drone strikes target Israeli soldiers in southern Lebanon | Hezbollah

    Snapchat is rolling out sponsored AI agents

    Snapchat is rolling out sponsored AI agents

    Federal officers raid 22 businesses, many Somali-linked, in Minneapolis

    Federal officers raid 22 businesses, many Somali-linked, in Minneapolis

    IPL 2026, MI vs SRH 41st Match Match Preview

    IPL 2026, MI vs SRH 41st Match Match Preview