The United Arab Emirates has declared its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and its broader alliance, OPEC+, ending its membership of nearly 60 years.
The UAE stated that the decision aligns with its long-term strategic and economic vision, as well as its evolving energy profile. The move marks a significant shift in global oil politics, as the UAE has been a key member of the cartel since joining in 1967.
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