The authorities of the United Arab Emirates have decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and from OPEC+, which brings together countries associated with the organization. The decision comes in response to the situation caused by the blockade of the Strait of Hormuz. The announcement was made by the UAE Minister of Energy, Suhail Mohamed Al Mazrouei, in an interview with Reuters. “This is a political decision, made after a thorough analysis of

Tag-uri: Petrol