The UAE is leaving the OPEC oil cartel. What could that mean for oil prices?

The United Arab Emirates (UAE) has announced that on May 1, it will leave both the Organization of the Petroleum Exporting Countries (OPEC) and the larger OPEC+ group. By withdrawing, the UAE will now be able to independently decide how much oil it produces and sells. This matters – and not just because the UAE […] The post The UAE is leaving the OPEC oil cartel. What could that mean for oil prices? appeared first on Interaksyon.