Latest Global Market Stability News & Updates

New Delhi, April 28 (IANS) The United Arab Emirates announced on Tuesday that it was leaving the OPEC and OPEC+ cartels in what is seen as a major setback to the group of oil-exporting countries led by Saudi Arabia.The UAE said the decision reflected its “long-term strategic and economic vision and evolving energy profile”.The Gulf state’s Energy Minister Suhail Al Mazrouei said that being a country with no obligation under the groups would provide more flexibility.In a public statement shared o…