UAE withdraws from global oil exporters' organization

The United Arab Emirates announced Tuesday that it had decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and from OPEC+. The decision will take effect on May 1, according to officials in the country. It was also noted that one of the reasons for the move was the disruptions to shipping […] The post UAE withdraws from global oil exporters' organization appeared first on www.israelhayom.com.