Why the UAE’s decision to leave OPEC is being seen as a win for Trump
The United Arab Emirates says it plans to leave the Organisation of Petroleum Exporting Countries (OPEC) next month, after almost six decades of membership.
The 12-member network currently produces 50 per cent of the world’s oil and as it’s fourth-largest contributor, the UAE produces almost 3 million barrels per day.
For more on what consequences this could have for OPEC, and the broader region, SBS World News spoke with Dr Bob Bowker from ANU’s Centre for Arab and Islamic Studies.
Read more: https://www.sbs.com.au/news/article/were-not-out-of-the-woods-australians-told-to-brace-for-
