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UAE Breaks With OPEC in Major Shift for Oil Markets
Key Takeaways
- The UAE says it will leave OPEC and OPEC+ effective May 1 after a review of its production strategy.
- The country has been pushing against quota limits while targeting 5 million barrels per day by 2027.
- The move lands during a period of supply disruption and could reshape how producer alliances balance national interests.
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DT Editorial Team··via wired.com