Business US

UAE to leave OPEC amid Hormuz oil crisis, a blow to Saudi Arabia

BEIRUT — The United Arab Emirates announced Tuesday that it would exit the Organization of the Petroleum Exporting Countries, or OPEC, along with the wider group of partners known as OPEC+, effective May 1, in what could be a blow to control over prices by the group, long led in practice by Saudi Arabia.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button