First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers

First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers Just days after the UAE publicly signaled liquidity concerns by requesting swap lines from the Federal Reserve to ease pressures on the country's banks, major Gulf oil producer, the UAE, has decided to exit the oil cartel - an unexpected development that crossed Bloomberg headlines on Tuesday morning around 0822 ET. OPEC finished https://t.co/RtxJdZQeQh — zerohedge (@zerohedge) April 28,...