UAE Readiness To Leave OPEC+ Triggers Market Decline
Oil prices have dropped by 25 percent following reports that the UAE is prepared to leave OPEC+. The movement is being led by eastern countries, with Saudi Arabia also reportedly considering withdrawal to prioritize national interests.
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Sources · 7 independent
SAfm
“Eastern countries with the UAE now leading that movement are starting to 25% down. It's a massively hard day with some I want to get your thoughts around the move almost in a nationalistic sense.”
SRF 1 Switzerland
“Aber können die Emirati dieses zusätzliche Öl denn auch wirklich liefern bei einer geschlossenen Straße von Hormuz? Momentan ist es nicht möglich, das ist gar keine Frage.”
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