The fact
The move comes as Opec negotiates coordinated production cuts.
The departure weakens the cartel amid Middle East geopolitical tensions.
6 sources — click a link to read an article on the topic:
Observed impact
Baisse de 1% du prix du pétrole Brent immédiatement après l'annonce
Redistribution des parts de marché au sein du cartel pétrolier
Story timeline
Apr 29United Arab Emirates quits Opec in major oil cartel shake-upthis article