United Arab Emirates will leave OPEC in a blow to the oil cartel

by Jon Gambrell, The Associated Press

DUBAI, United Arab Emirates (AP) — The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices.

Categories

Recent Posts

Newfoundland and Labrador's new Tory government expected to table budget today
Newfoundland and Labrador's new Tory government expected to table budget today
Bank of Canada expected to keep benchmark rate at 2.25% amid Iran war oil price spike
Bank of Canada expected to keep benchmark rate at 2.25% amid Iran war oil price spike
Feds outline $4.3B for Indigenous education, health in spring economic update
Feds outline $4.3B for Indigenous education, health in spring economic update
CPKC hikes dividend by 17.5% to 26.8 cents per share ahead of Q1 results
CPKC hikes dividend by 17.5% to 26.8 cents per share ahead of Q1 results
Liberals table first fiscal document in seven years that won't need opposition votes
Liberals table first fiscal document in seven years that won't need opposition votes
Health Canada approves 1st generic version of Ozempic in the country
Health Canada approves 1st generic version of Ozempic in the country
Feds formalize enhanced oil recovery tax credit flip-flop in spring economic update
Feds formalize enhanced oil recovery tax credit flip-flop in spring economic update
Liberals target affordability to meet era of uncertainty in spring fiscal update
Liberals target affordability to meet era of uncertainty in spring fiscal update
ARC Resources reports $584.3M in Q1 net income, up from $404.7M last year
ARC Resources reports $584.3M in Q1 net income, up from $404.7M last year

GET MORE INFORMATION

Reza Hamzehali

Reza Hamzehali

Agent

+1(604) 704-8989

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Sutton, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By signing up, you agree to receive messages from us. Reply STOP to opt out.

};