UAE to leave Opec in blow to oil cartel
UAE announces departure from OPEC, citing frustrations over production quotas.
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the uae will leave opec, a significant blow to the cartel's cohesion. the decision reflects long-running frustrations over production quotas, which the uae felt constrained its ability to pump more oil. the country is one of opec's largest producers, and its exit reduces the group's share of global output. the move also comes as the uae invests heavily in expanding its own production capacity, aiming for 5 million barrels per day by 2030.
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