The United Arab Emirates, one of OPEC's largest oil-producing nations, announced its withdrawal from the organization, a decision that President Donald Trump welcomed as beneficial for reducing oil and gas prices. This move reflects the broader tensions within OPEC, particularly among Gulf nations, as the organization faces challenges in maintaining unity and control over global oil supply.
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'It's a good thing': Trump welcomes United Arab Emirates exit from OPECAdded:
The United Arab Emirates, the UAE, they pulled out of OPEC. What do you think about that?
>> it's great. I mean, I think it's great.
I I know very well Mohammed and uh very smart. And he probably maybe wants to go his own way. That's a good thing. I think for ultimately it's a good thing for getting the price of gas down, getting oil down, getting everything down. They have it all.
Uh he's a great leader, actually. So, no, I'm I'm okay. They're having some problems in OPEC.
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