UAE OPEC exit: Nigeria under pressure to raise output
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From Abdullateef Aliyu, Mohammed Musbau (Lagos) & Faruk Shuaibu (Abuja)
The United Arab Emirates on Tuesday announced its decision to exit OPEC and the broader OPEC+ alliance, citing the need to prioritise “national interests” amid rising global energy uncertainty driven by geopolitical tensions, including the US-Israel conflict with Iran.
Energy experts, however, warned that the UAE’s exit could trigger instability in the global oil market and create fresh challenges for Nigeria.
For
The United Arab Emirates on Tuesday announced its decision to exit OPEC and the broader OPEC+ alliance, citing the need to prioritise “national interests” amid rising global energy uncertainty driven by geopolitical tensions, including the US-Israel conflict with Iran.
Energy experts, however, warned that the UAE’s exit could trigger instability in the global oil market and create fresh challenges for Nigeria.
For
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