BREAKING: The United Arab Emirates has announced it will withdraw from OPEC after more than 50 years, with the move set to take effect May 1.
The decision would allow the UAE to boost oil production without OPEC quota limits — a major shift that could impact global oil prices.
The move is also being viewed by some as a potential win for President Trump, who has repeatedly accused OPEC of inflating prices and “ripping off the rest of the world.”
🚨 BREAKING
🇦🇪 UAE IS LEAVING OPEC (THE ORGANIZATION OF THE PETROLEUM EXPORTING COUNTRIES).
NOW, IT WILL HAVE NO LIMITS ON OIL PRODUCTION.
MILLIONS OF BARRELS WILL FLOOD THE MARKET.
LOOKS LIKE SOMETHING EXTREMELY BAD IS COMING...
"Chairman, a country without reserves is not sovereign. The potential of this Bill to destabilize Uganda’s balance of payments is our primary concern as a central bank. For example, last financial year the overall balance of payment surplus was USD 1.5 billion. That’s how we were able to increase our reserve coverage by USD 1.5 billion. Today as we speak our reserves are close to USD 6 billion. Why? Because these inflows have been coming in. The moment you tamper with these inflows here, we risk running down our reserves, and that is economic disaster for a country.” Governor Atingi-Ego on the Protection of Sovereignty Bill 2026 in an appearance before Parliament today.
Like we have always said, many Ugandans have never experienced recorgnized standard medical care so, they get shocked when they see patients at a few private facilities receiving it.
You’d have to compress Earth to this size (9 mm) to form a black hole. You’d have to compress the sun to 3 km and the moon to 0.1 mm (width of a human hair) to turn them into black holes. For every black hole out there, something THAT intense has happened.
Image: @lpfproject
Help/support your friends now!!! Because when life hits you real hard and you’re down (which will happen as long as you’re a human), they’ll be there to help/support you too.