By Owen Evans The United Arab Emirates’ decision to leave the Organization of the Petroleum Exporting Countries (OPEC) next month marks one of the biggest ruptures inside the oil cartel in years. For decades, OPEC has relied on its heavyweight producers to share oil quotas, manage supply, and influence prices. The UAE’s departure could be […]
Tag: Middle East
The Middle East is a transcontinental region that generally includes Western Asia, all of Egypt, and Turkey. The term has come into wider usage as a replacement of the term Near East beginning in the early 20th century.
