economy

UAE quits Opec in win for Trump as oil cartel weakened

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices

UAE quits Opec in win for Trump as oil cartel weakened

TL;DR

  • The US president has accused OPEC of inflating oil prices.
  • He stated that the organisation is 'ripping off the rest of the world'.
  • The UAE has quit OPEC.