00:01The United Arab Emirates announced on Tuesday that it will leave the Organization of the Petroleum Exporting Countries OPEC effective
00:10on May 1st.
00:11The time has come to focus our efforts on what our national interest dictates and our commitment to our investors,
00:19customers, partners and global energy markets, the UAE said in a statement.
00:24The UAE's decision to quit the alliance of the world's biggest oil producers and make its own decisions away from
00:31Saudi Arabia and the other OPEC members strikes a heavy blow to the oil exporting countries who produce a third
00:38of the global oil supply and signals a fundamental reshape of the global energy interactions, just as the global energy
00:45crisis is escalating over Iran's blockade of the Strait of Hormuz.
00:54The U.S. Department of the U.S. Department of the U.S. Department of the U.S. Department of
00:55the U.S. Department of the U.S. Department of the U.S. Department of the U.S. Department of
00:55the U.S. Department of the U.S. Department of the U.S. Department of the U.S. Department of
00:55the U.S. Department of the U.S. Department of the U.S. Department of the U.S. Department of
00:55the U.S. Department of the U.S. Department of the U.S. Department of the U.S. Department of
00:55U.S. Department of the U.S. Department of U.S. Department of U.S. Department of U.S. Department
00:55of U.S. Department of U.S. Department of U.S. Department of U.S. Department of U.S. Department
00:55of U.S. Department of U.S. Department of U.S. Department of U.S.
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