Economy
Explainer: UAE Leaves OPEC Marking Strategic Break in Gulf Energy Order
The UAE’s exit from OPEC reflects a calculation that the benefits of flexibility, capturing market share, now outweigh the benefits of collective restraint.
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Tag: energy market
Economy
Egypt Announces New Gas Discoveries in Mediterranean, Nile Delta and Western Desert
Cairo announces new offshore and onshore gas finds as production declines by over 20% from peak levels, but early data suggests the discoveries may only slow the country’s energy deficit.