UAE leaves OPEC to pursue "accelerated" production

The United Arab Emirates said Tuesday it's exiting OPEC after more than 50 years — a blow to the powerful alliance of big oil producers. Why it matters: The UAE is the group's third-largest producer, and the departure will make it tougher for OPEC to control output and prices. The country has previously bristled at production quotas under OPEC's market-management strategy. But the departure came

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Axios

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