3 articles on oil market
Baghdad has officially asked OPEC to recalculate its production quotas. This move could undermine the already fragile balance within the oil alliance.
The United Arab Emirates has withdrawn from OPEC without warning. This is a major blow to Saudi Arabia and a diplomatic triumph for Washington, which is reshuffling the global oil deck.
The United Arab Emirates has left OPEC without notice, citing national interests. This is a major blow to Riyadh and a major diplomatic victory for Washington.