Skip to main content
You have permission to edit this article.
Edit

OPEC+ to make first post-UAE production decision

  • 0

Front One Top

The UAE has announced its departure from OPEC and OPEC+, further rattling oil markets

The UAE has announced its departure from OPEC and OPEC+, further rattling oil markets

Seven OPEC+ members are meeting Sunday to make their first decision on oil-production quotas since the United Arab Emirates' departure from the cartel, which added to the soaring price pressure unleashed by the Mideast war.

The UAE, one of the world's top producers, announced April 28 it was withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) and the expanded OPEC+ group, after chafing at their production quotas. The withdrawal took effect on Friday.

Keep reading

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

Tags

Our Standards

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Test polling

You voted:

Test Most Popular Grid

Global Side Primary

300 x 250 300 x 600