The United Arab Emirates announced it will exit OPEC next month amid its long-term strategic and economic goals and plans to expand energy investment, The New York Times’ Vivian Nereim reports. The move follows longstanding concerns that OPEC production quotas have constrained the country’s oil export potential. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).
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