How the UAE's departure from OPEC could impact oil markets
About this episode
The episode discusses the implications of the UAE's departure from OPEC on global oil markets.
There seems to be little movement on the resumption of talks between the U.S. and Iran. There is also almost no movement through the Strait of Hormuz, the vital bottleneck that's essentially cut off 20% of the world's oil and gas supply. Tuesday, the UAE announced it will leave OPEC, the cartel that has largely controlled oil supplies for decades. Amna Nawaz discussed more with Karen Young. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
People in this episode
Host: Amna Nawaz
Guest: Karen Young
Topics covered
- UAE
- OPEC
- oil markets
- Iran
- Strait of Hormuz
- energy supply
Keywords
- UAE
- OPEC
- oil markets
- Iran
- Strait of Hormuz
- energy supply
- gas supply
Sponsors
PBS News
Mentioned in this episode
Organizations: UAE, OPEC
Places: Iran, Strait of Hormuz
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