OPEC+ raises production quotas but offers no comment on UAE exit
Saudi Arabia, Russia and five other OPEC+ members raised production quotas in a move seen as signaling continuity after the UAE's surprise withdrawal.
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates. The group did not comment publicly on the UAE's decision.