Well, that was a shocker. Out of nowhere, the United Arab Emirates surprised global energy markets and the geopolitical world by announcing it would leave OPEC, the Organization of the Petroleum Exporting Countries, and its broader alliance, OPEC+, on May 1. While the news came at an inopportune time for energy prices, the oil-soaked writing may have been on the wall for quite some time – and that could make President Donald Trump smile from ear to ear.
UAE Out of OPEC
Read Full Article: https://www.libertynation.com/opec-cracks-deepen-as-uae-waves-goodbye
