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Opec

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๐Ÿ‡จ๐Ÿ‡ณ China/English

Why the UAEโ€™s Opec exit spells the beginning of the end of Gulf unity

- The United Arab Emirates has informed OPEC of its decision to leave the organization with three days' notice. - This move signals a potential fracturing of Gulf unity, driven by security realignments rather than production quotas. - The UAE's lower break-even oil price compared to Saudi Arabia highlights incompatible survival strategies within the cartel.