UAE exit from Opec unlikely to shake Tanzania's fuel market, experts say
Tanzania, April 30 -- Dar es Salaam. Tanzania is unlikely to experience immediate disruption in fuel prices or supply following the decision by the United Arab Emirates to withdraw from the Organization of the Petroleum Exporting Countries and the broader Opec+ alliance, according to industry stakeholders.
The UAE announced that it will exit the oil-producing bloc effective tomorrow in a move widely interpreted as a push for greater control over its production strategy amid shifting global energy dynamics.
The development comes at a time when the United States and Israel war with Iran has already severely disrupted oil flows through the Strait of Hormuz, a critical chokepoint for global oil supplies.
However, Tanzania Association of Oi...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.