UAE Clarifies Stance On OPEC Membership

Anonymous UAE officials claimed earlier in the week that the country was considering breaking away from OPEC, citing the difficulties it is facing due to the stringent production cuts it must adhere to. Now, the UAE’s Energy Minister has officially responded to the allegations. “As a reliable and longstanding member of OPEC, we have always been open and transparent in all our decisions and strategies in support of OPEC.” UAE Energy Minister Suhail al-Mazrouei told Reuters on Thursday, adding that it had “demonstrated this…