UAE exit from OPEC signals closer alignment with US interests, experts say
As the United Arab Emirates’s exit from OPEC officially takes effect, experts say the United States government will welcome the move for its potential to curb the oil-producing cartel’s pricing power. It is one of the few OPEC members that has invested in boosting production over the past few years, but has not been able to get it to market in the volumes it wanted. The UAE’s exit from OPEC “is one of many ways in which countries may be balancing – trying relationships for economic and security...
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