Why the UAE-Opec Rift Was Years in the Making

Bloomberg
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Why the UAE-Opec Rift Was Years in the Making
Bloomberg
Written by Bloomberg
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The United Arab Emirates' decision to quit OPEC has blindsided its partners and will dilute the cartel's ability to manage oil prices by adjusting supply. Bloomberg's Stephen Stapczynski explains how differences in the vision of the UAE and the group's de facto leader Saudi Arabia have simmered for years.

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