United Arab Emirates intends to leave OPEC oil cartel

A refinery south of Dubai in the United Arab Emirates
The UAE's exit from OPEC after six decades follows frosty relations with Saudi Arabia. -AP

The United Arab Emirates has announced it will leave the oil cartel OPEC and its wider OPEC+ group effective on May 1, a move rumoured for some time as the Emirates chaffed under production restrictions and increasingly had frostier relations with neighbouring Saudi Arabia.

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