UAE announces plans to leave OPEC: State media

The United Arab Emirates (UAE) will leave the Organization of the Petroleum Exporting Countries (OPEC), the country’s government said on Tuesday. 

The country will officially exit OPEC and its broader OPEC association on May 1 following the government’s internal review of its production policy, according to UAE state media, WAM. 

“This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy markets,” WAM reported. 

The move marks a major change for the permanent intergovernmental organization, which........

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