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us-energy

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UAE Withdraws from OPEC Effective May 1Semafor
politics5 days ago

UAE Withdraws from OPEC Effective May 1

The United Arab Emirates has announced its formal exit from OPEC starting May 1, 2026, aiming to pursue independent oil production strategies. The move highlights ongoing tensions with Saudi Arabia over quotas and reflects broader shifts in global energy markets driven by U.S. sh…

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