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UAE’s Opec exit tests the cartel’s grip on oil supply
The UAE is quitting Opec after nearly 60 years, a break that could weaken the cartel’s control over oil supply and prices once Gulf shipping stabilises.
UAE quits OPEC, testing the oil cartel’s grip on supply
The United Arab Emirates is leaving OPEC and OPEC+, raising questions about oil quotas, spare capacity and the cartel’s long-term influence.