The Emirates have chafed against the constraints of OPEC quotas for years, says an academic. HOUSTON, Texas: The United Arab Emirates’ decision to withdraw from the Organization of Petroleum Exporting Countries will leave the oil cartel weakened at a crucial time. It also illustrates the ongoing tensions between the UAE and Saudi Arabia, OPEC’s largest producer and de facto leader. The UAE announced on Apr 28 that it will depart OPEC and OPEC+, an expanded grouping which includes Russia, on May

Tag-uri: Petrol