The United Arab Emirates announced it will leave OPEC starting May 1, 2026, aiming to gain more control over its oil production strategy. The move is driven by frustration with production quotas and a desire to expand output amid shifting global energy dynamics and geopolitical tensions. This exit could weaken OPEC’s influence over oil markets, potentially leading to higher supply flexibility and more volatile oil prices globally. #us #iran #UAE #oil #OPEC
BTC
79,316
-2.19%
XRP
1.4297
-1.37%
ETH
2,249.96
-2.09%