תפריט כתבה
United Arab Emirates says it will leave OPEC effective May 1
abc
15:48, עידכון: 16:08
The United Arab Emirates says that it will leave the oil cartel OPEC effective May 1
תפריט כתבה
תפריט כתבה
The United Arab Emirates says that it will leave the oil cartel OPEC effective May 1
UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.
The move comes amid regional fallout from the Iran war.
The UAE leaving Opec is seen as a major blow and potential death knell for the oil cartel.
The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC’s influence.
