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UAE’s shock OPEC exit: What it means for the oil cartel’s future and for crude prices
April 28, 2026
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Posted 3 hours ago by
Abu Dhabi-The United Arab Emirates’ exit from OPEC this week will weaken the influence of the cartel and its leader Saudi Arabia on the oil market, a development that could prove bearish for prices over the long term. The UAE was the most influential member of OPEC behind Saudi Arabia. It was one of the few members, []
Ya Libnan
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