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The UAE wants to ramp up production without constraints from OPEC, which could prove bearish for prices at some point.
Source
CNBC
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Coffee chain hikes outlook as sales top Wall Street’s hopes
The Department of Homeland Security has been shut down since February, as Congress continues to look for a compromise to fund the agency.
The shock decision by the United Arab Emirates to quit OPEC blindsided its partners of six decades. Now the cartel will have to fight to stay relevant in a fast-shifting global oil market.
Gold steadied after a two-day drop as investor focus remained on talks between the US and Iran, with the indefinite closure of the Strait of Hormuz continuing to heighten inflation risks.
