UAE to Leave OPEC in May After 60 Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Bloomberg
UAE's OPEC Departure: The United Arab Emirates will exit OPEC and its wider alliance on May 1, amid challenges in the global oil industry.
Impact of the Iran War: The decision is influenced by significant supply disruptions caused by the ongoing conflict involving Iran.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
