🇸🇬 opec

OPEC, the Organization of the Petroleum Exporting Countries, is an intergovernmental organization of 12 oil-exporting nations that aims to coordinate and unify petroleum policies among its member countries. It is currently trending because the United Arab Emirates has announced its decision to withdraw from the organization, effective May 1. This move is significant as the UAE is a major oil producer, and its departure could impact global oil markets and the group's collective influence.