OPEC in Podcasts
companyOPEC, an oil cartel led by Saudi Arabia, historically attempted to control oil supply
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Now that the United Arab Emirates has pulled out of OPEC, what does that mean for the future of the so-called petrodollar?
You know, the UAE just withdrew from OPEC.
As gas prices hit a new high in the U.S., the UAE has shaken up the global oil markets by announcing that they're leaving OPEC.
public.com presents the rundown your daily market update in 10 minutes my name is Zaid Admani and today is Wednesday April 29th in today's episode we'll break down why the UAE just quit OPEC and what it means for oil prices
rose another 5 cents a gallon overnight after the United Arab Emirates announced it was leaving OPEC and OPEC+.
But now, outside of OPEC, they can pump as much oil as they want.
OPEC is mostly run by authoritarian petro-states that act like one big monopoly, with Saudi Arabia as the big boss.
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