Daily brief
The United Arab Emirates has announced its withdrawal from OPEC, effective May 1, following a long-running dispute with Saudi Arabia over production quotas. The move is seen as a major blow to the oil cartel's unity and influence, with analysts warning it could weaken OPEC and mark the beginning of the end for the group. Russia's government expressed confidence that the OPEC+ alliance can adapt, while some predict lower oil prices as the UAE may increase its own production. (ongoing coverage)
Saudi Arabia has pulled funding from LIV Golf, leaving its star players facing a difficult road back.
by WorldBrief & Maksim Micheliov | AI-generated summary