UAE and OPEC
The decision by the United Arab Emirates to step away from OPEC marks more than a routine policy shift; it reflects a deeper fracture in the logic that has governed global oil politics for decades.
The decision by the United Arab Emirates to step away from OPEC marks more than a routine policy shift; it reflects a deeper fracture in the logic that has governed global oil politics for decades.
The UAE, one of the world's top oil producers, will pull out from the Organisation of the Petroleum Exporting Countries (OPEC) and OPEC+ from May 1.
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The deal is expected to see Shia-majority Iran and Sunni Muslim Saudi Arabia reopen their embassies and missions within two months and implement security and economic cooperation deals signed more than 20 years ago, Al Jazeera reported.
