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When you were so excited to relax for 2 hours between work engagements but then the UAE announces it’s leaving OPEC

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Natasha Turak

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30,037 görüntüleme • 3 ay önce •via X (Twitter)

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The UAE announced it’s leaving OPEC effective May 1 after 60 years. This is a major blow to the oil cartel’s unity — especially with the Iran conflict disrupting the Strait of Hormuz. Do you back nations leaving OPEC to produce more oil and drive prices down? A. Yes B. No
0:20

The UAE announced it’s leaving OPEC effective May 1 after 60 years. This is a major blow to the oil cartel’s unity — especially with the Iran conflict disrupting the Strait of Hormuz. Do you back nations leaving OPEC to produce more oil and drive prices down? A. Yes B. No

𝔉🅰𝒏 Karoline Leavitt

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My view with Daniela Cambone-Taub on why the UAE is leaving OPEC: "Due to the US-Israeli war on Iran, the Gulf states are in jeopardy. This incentivizes them to sell more oil now. The UAE wants to pump more oil faster, but OPEC won’t let them do that, so they’re out."
1:00

My view with Daniela Cambone-Taub on why the UAE is leaving OPEC: "Due to the US-Israeli war on Iran, the Gulf states are in jeopardy. This incentivizes them to sell more oil now. The UAE wants to pump more oil faster, but OPEC won’t let them do that, so they’re out."

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UAE leaving OPEC and OPEC+ How will it affect energy markets, and what's next for the alliances of oil-producing nations? RT speaks with Mohammad Al-Sabban, former senior adviser to the Saudi energy minister
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UAE leaving OPEC and OPEC+ How will it affect energy markets, and what's next for the alliances of oil-producing nations? RT speaks with Mohammad Al-Sabban, former senior adviser to the Saudi energy minister

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🚨BREAKING: UAE🇦🇪 EXITS OPEC AND OPEC+, OPEC LOSES ITS THIRD LARGEST PRODUCER The UAE announced its withdrawal from OPEC after more than five decades, effective on the 1st of May. The UAE is a founding member, having joined in 1967, four years before the UAE itself was established. The UAE said the move reflects its national interest and its role in meeting market needs at a time when the Strait of Hormuz crisis has disrupted energy flows and kept oil prices elevated, and forecasted higher energy demand in the future. The UAE has ambitions to increase production from 3.4 million barrels per day to five million by 2027, which OPEC quotas would have constrained. The UAE’s decision to leave OPEC and OPEC+ is a fundamental reordering of the global energy market, and a further shift towards multipolarity, with the UAE positioning itself to be at the forefront of meeting rising global energy demand. OPEC has long declined in its geopolitical power, and the UAE has decided to forge its own path with having no limits on increasing production, as the world reels from the energy shock unleashed by the Trump-Netanyahu war of aggression against Iran. The UAE is not the first in the GCC to leave OPEC, with Qatar leaving in 2019. The propaganda headlines you’ll be seeing of a UAE-Saudi conflict over the decision will likely amount to hot air. There will inevitably be short-term energy price instability, but countries around the world will rush to secure deals with the UAE to offset a major economic crisis caused by the war on Iran and the closure of the Strait of Hormuz. The international institutions of old are increasingly irrelevant, and OPEC is widely seen as the organisation of yesterday. The future will likely involve energy institutions and mechanisms within BRICS, to facilitate stable energy prices in a multipolar world. The UAE’s exit from OPEC is just one step closer in that direction. With China and the global south set to drive economic growth this century, the UAE is now well-positioned to benefit from multipolarity, free of production caps, as long-term energy demand will continue climbing, as the nations of the global south develop their economies and increase living standards for their people. My live segment on RT
7:57

🚨BREAKING: UAE🇦🇪 EXITS OPEC AND OPEC+, OPEC LOSES ITS THIRD LARGEST PRODUCER The UAE announced its withdrawal from OPEC after more than five decades, effective on the 1st of May. The UAE is a founding member, having joined in 1967, four years before the UAE itself was established. The UAE said the move reflects its national interest and its role in meeting market needs at a time when the Strait of Hormuz crisis has disrupted energy flows and kept oil prices elevated, and forecasted higher energy demand in the future. The UAE has ambitions to increase production from 3.4 million barrels per day to five million by 2027, which OPEC quotas would have constrained. The UAE’s decision to leave OPEC and OPEC+ is a fundamental reordering of the global energy market, and a further shift towards multipolarity, with the UAE positioning itself to be at the forefront of meeting rising global energy demand. OPEC has long declined in its geopolitical power, and the UAE has decided to forge its own path with having no limits on increasing production, as the world reels from the energy shock unleashed by the Trump-Netanyahu war of aggression against Iran. The UAE is not the first in the GCC to leave OPEC, with Qatar leaving in 2019. The propaganda headlines you’ll be seeing of a UAE-Saudi conflict over the decision will likely amount to hot air. There will inevitably be short-term energy price instability, but countries around the world will rush to secure deals with the UAE to offset a major economic crisis caused by the war on Iran and the closure of the Strait of Hormuz. The international institutions of old are increasingly irrelevant, and OPEC is widely seen as the organisation of yesterday. The future will likely involve energy institutions and mechanisms within BRICS, to facilitate stable energy prices in a multipolar world. The UAE’s exit from OPEC is just one step closer in that direction. With China and the global south set to drive economic growth this century, the UAE is now well-positioned to benefit from multipolarity, free of production caps, as long-term energy demand will continue climbing, as the nations of the global south develop their economies and increase living standards for their people. My live segment on RT

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🚨 JUST NOW: Sec. Scott Bessent reveals the United Arab Emirates LEAVING OPEC could be HUGE for gas prices "I am confident on the other side of this the world is going to be awash in oil. The UAE has come out of OPEC, they are going to be pumping more!" "OPEC just announced they are going to be pumping more and the US has record crude deliveries." "We are the number one energy superpower in the world and we have never delivered so much crude." LFG!
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🚨 JUST NOW: Sec. Scott Bessent reveals the United Arab Emirates LEAVING OPEC could be HUGE for gas prices "I am confident on the other side of this the world is going to be awash in oil. The UAE has come out of OPEC, they are going to be pumping more!" "OPEC just announced they are going to be pumping more and the US has record crude deliveries." "We are the number one energy superpower in the world and we have never delivered so much crude." LFG!

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noticing when treasure were being promoted at babymonster’s concert no monstiez complained. but when it’s the opposite teumes are all mad for no reason.. it’s so sad to see please free the girls
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