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OPEC+ Meets on Oil Production Quotas After UAE Withdrawal
Seven OPEC+ members are set to meet on Sunday for their first decision on oil-production quotas since the United Arab Emirates left the cartel. The UAE's departure, as a longtime member, has contributed to soaring oil price pressures amid the Mideast war. Talks this weekend aim to address unity among remaining nations.
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Seven OPEC+ members are meeting on Sunday to make their first decision on oil-production quotas since the United Arab Emirates' departure from the cartel. The United Arab Emirates departed from OPEC+, adding to the soaring price pressure unleashed by the Mideast war.
OPEC+ nations are holding talks this weekend, providing the oil producer group with an opportunity to project unity after the shock departure of longtime member the United Arab Emirates.
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