Live updates: UAE to quit OPEC in blow to world’s leading oil exporters, as Iran war roils energy sector

Live updates: UAE to quit OPEC in blow to world’s leading oil exporters, as Iran war roils energy sector

The United Arab Emirates will withdraw from Organization of the Petroleum Exporting Countries (OPEC) on May 1, the UAE’s state news agency WAM said. “This decision aligns with the United Arab Emirates’ long-term strategic and economic vision and the development of its energy sector, including accelerating investment in domestic energy production,” the statement said. OPEC … Read more

Half of UK exporters say Houthi attacks in Red Sea disrupting business

Half of UK exporters say Houthi attacks in Red Sea disrupting business

The British Chambers of Commerce says 55 percent of exporters report higher shipping costs and delays. More than half of exporters in the United Kingdom have been disrupted by attacks carried out by Yemen’s Houthis in the Red Sea, according to a survey by an influential business group. According to the survey by the British … Read more

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