Historic departure of the Emirates from the OPEC oil cartel is an ‘unprecedented blow’ for Middle Eastern countries: ‘But don’t expect a rapid drop in fuel prices’

With a historically ‘unprecedented’ break with oil cartel OPEC, the United Arab Emirates wants to pump much more oil now that prices are skyrocketing. That will provide relief in the coming months. “But prices at the pump will not immediately fall, there will not be an extra liter of oil at the moment,” experts tempered optimism.

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