With conflict in the Middle East choking global oil and gas supplies and driving up prices, demand for biofuels is rising as nations seek alternatives to fossil fuels to improve energy security while pursuing decarbonisation goals.
The UAE’s decision to exit OPEC and reposition itself within the global energy landscape, is not a decision directed against anyone but a carefully considered strategic choice that reflects its confidence in the country’s capabilities and its ambition for a more diversified economy, two of the country’s top ministers said on Monday.
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