Abu Dhabi Featured OPEC Exit — Abu Dhabi Breaks Free... The UAE dropped its bombshell on Tuesday: effective May 1, Abu Dhabi exits both OPEC and OPEC+, ending a membership that dates back to 1967 — four years before the federation itself was formed.
UAE Update Featured ENERGY: THE $200 QUESTION The Hormuz crisis entered a more dangerous phase this week. Iran's military spokesperson Ebrahim Zolfaqari issued a stark warning: "Get ready for oil to be $200 a barrel..."
