UAE exit from Opec unlikely to shake Tanzania's fuel market, experts say
The United Arab Emirates will on May 1 pull out of the Organization of the Petroleum Exporting Countries (Opec) after being a member since 1967. PHOTO | FILE
Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
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.
