Energy
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UAE exit from OPEC just latest blow to cartel, whose global might was already undermined by US oil
The United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries (OPEC) is part of a decade-long exodus from the cartel as it loses its control over global energy prices.
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New York risks blackouts this summer as climate-focused grid struggles, state grid operator says
The state's reliability margin has declined almost 80% since 2022. In 2019, the state committed to powering its full grid primarily with intermittent generators by 2040.
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United Arab Emirates ditches OPEC after 60 years in the cartel
The UAE explained that the move is part of a vision for the country's economic future, suggesting its ties to OPEC was in conflict with its national interests.