United Arab Emirates quits OPEC in a blow to the oil cartel cover art

United Arab Emirates quits OPEC in a blow to the oil cartel

United Arab Emirates quits OPEC in a blow to the oil cartel

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 The United Arab Emirates has announced it will exit the Organization of the Petroleum Exporting Countries - or OPEC - from May. Analysts say the decision reflects a growing rift with Saudi Arabia, and stronger ties with the United States. As XXX reports, any impact on oil prices is likely to be dampened by the continued closure of the Strait of Hormuz.
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