UAE Announces Withdrawal from OPEC on 5/1, Indian Company: Sufficient Energy Aids Economy
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The UAE announced its withdrawal from OPEC and OPEC+ alliances, effective May 1st. Sagar Adani, Executive Director of Adani Green Energy, India's largest renewable energy company, stated that this could be beneficial for India as sufficient energy will help strengthen its economic resilience. The UAE plans to increase its oil production capacity.