Explainer: How the UAE chose trade power over OPEC

UAE's decision to quit the oil producers' bloc is not an energy market move but a formal declaration of a strategic identity in the making.
Port of Jebel Ali

Abu Dhabi’s decision to quit the oil producers’ bloc is not an energy market move but a formal declaration of a strategic identity two decades in the making.

UAE to withdraw from OPEC and OPEC+ effective May 1

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