Image: UAE’s Minister of Energy and Industry Suhail al-Mazrouei is shown arriving for an OPEC meeting in Vienna, Austria, on June 4, 2023. Joe Klamar/AFP via Getty Images

Camila Domonoske of NPR reports: “The United Arab Emirates has announced that it’s leaving OPEC, the cartel representing major state-owned oil producers, on May 1.

In an announcement posted on state-owned media, the UAE wrote that the decision “reflects the UAE’s long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy markets.”

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