All news on the topic: OPEC

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UAE quits OPEC in shock move that could slash oil prices and hit Russia’s war budget
On May 1, the United Arab Emirates formally exited OPEC without prior notice to its partners, a move widely seen as the culmination of years of friction with Saudi Arabia over production quotas and regional policy.
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OPEC minus: Sanctions push Russia into competition with Saudi Arabia as price war looms
In March 2024, Russia again became the largest supplier of oil to China and India, according to a recent OPEC report.