Al Jazeera English
Chris Weafer, the CEO of Micro-Advisory Partners, says the UAE's OPEC exit frees one million barr...
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The UAE's exit from OPEC is expected to release one million barrels of spare capacity into the market, signaling a declining grip on global oil pricing. Analysts warn that Kazakhstan and Venezuela may also depart the organization, further reducing its influence over the oil market. This shift suggests a potential increase in global supply and a fundamental change in how oil is priced internationally.

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Al Jazeera English

Al Jazeera English

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