United Arab Emirates is quitting the Opec and Opec+
About this episode
The episode discusses the UAE's exit from Opec and Opec+, rising oil prices, BP's profits, and the race to complete infrastructure for the World Cup.
The United Arab Emirates (UAE) has said it is quitting the Opec and Opec+ groups of major oil producing nations after nearly 60 years. As people continue to feel the pain at the pumps, energy giant BP has announced massive profits - meanwhile oil prices continue to climb. And with the World Cup just weeks away there's a race to finish Mexico City's airport and stadium before kick off.
Topics covered
- oil production
- energy profits
- global economy
- infrastructure
- sports events
Keywords
- UAE
- Opec
- oil prices
- BP profits
- World Cup
- Mexico City
- infrastructure
Mentioned in this episode
Organizations: Opec, BP
Places: United Arab Emirates, Mexico City
More episodes of World Business Report
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- You could be paying more for fuel for longer as oil price rises again
- How will leaving OPEC impact the UAE's oil production?
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