Watch: Why has the UAE left Opec | EUROtoday

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The United Arab Emirates (UAE) has introduced it’s quitting Opec, the Organisation of Petroleum Exporting Countries, after practically 60 years of membership.

Opec is an organisation of primarily Gulf oil exporters, which oversees oil manufacturing and has a significant affect on the worldwide costs.

The UAE’s abrupt departure is seen as a blow to the group – and their exit may additionally have an effect on you and your pocket.

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