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UAE walks away from OPEC to boost oil output

May 17, 2026

The United Arab Emirates has decided to leave OPEC, the global oil producers' club, but insists money—not politics—drove the move. The country now plans to raise its oil production from about 3 to 3. 5 million barrels per day up to 5 million by next year. Officials say the choice was made after chec

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