Why the UAE quit OPEC and what it means for oil prices

The United Arab Emirates has quit the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, effective May 1. It was one of the few members with significant spare capacity. What does this mean for the market? Breaking it down for CGTN are two veteran energy analysts: John Defterios of APCO Worldwide and Qamar Energy CEO Robin Mills.

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