UAE Announces OPEC Exit, Citing Production Freedom
The United Arab Emirates announced its departure from OPEC, stating the move would allow it to produce oil without restrictions and pursue faster growth. Officials emphasized the exit was not directed against any specific nation.
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Asian Buyers Offer Big Premium for Diesel-Rich Crude From UAE - Bloomberg.com
Asian Buyers Offer Big Premium for Diesel-Rich Crude From UAE Bloomberg.com
Read full article →Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit - The Straits Times
Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit The Straits Times
Read full article →UAE says Opec exit 'not directed against anyone'
The United Arab Emirates’ shocking decision to leave Saudi-dominated Opec was not targeted at anyone, the UAE minister who heads the state oil giant said on Monday. The move aimed at focusing on national priorities and the UAE economy, said Sultan Al Jaber, who is CEO of state-owned Abu Dhabi National Oil Company (Adnoc) and the country’s industry and advanced technology minister. The decision, which took effect on Friday, followed months of tensions with neighbouring Saudi Arabia, the world’...
By none@none.com (AFP)
Read full article →Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit
The departure poses a formidable test for the first royal Saudi oil minister whose style has shifted from diplomacy to increasingly unilateral decision-making.
Read full article →UAE says OPEC exit 'not directed against anyone'
The UAE has long been frustrated with OPEC's quotas, which sought to cap Emirati production at 3.4 million barrels a day.
Read full article →UAE says OPEC exit unlocks faster growth, $55B oil push
Read full article →'Focus not just on recovery': UAE plans strategy to stay ahead of global shocks - Khaleej Times
'Focus not just on recovery': UAE plans strategy to stay ahead of global shocks Khaleej Times
Read full article →UAE's OPEC departure 'not directed against anyone', oil chief says
The United Arab Emirates' exit from the Saudi-dominated OPEC was not aimed at any specific country, but is instead part of a wider strategy to safeguard its economy for the fu...
Read full article →OPEC+ hikes oil production quotas but stays mum on UAE pull-out - The Daily Star
OPEC+ hikes oil production quotas but stays mum on UAE pull-out The Daily Star
Read full article →OPEC exit not directed against anyone – UAE official
The UAE explains its shocking OPEC exit, stating the sovereign decision was not targeted at anyone but aimed at focusing on national priorities and the eco Read More: https://punchng.com/opec-exit-not-directed-against-anyone-uae-official/
By Punch Newspapers
Read full article →UAE says OPEC exit ‘not directed against anyone’
The UAE's departure from OPEC, dominated by ally-turned-rival Saudi Arabia, was not targeted at anyone but is part of a broader plan to future-proof its economy, the country's oil chief said Monday. The post UAE says OPEC exit ‘not directed against anyone’ appeared first on Vanguard News.
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