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bawolfftoday at 1:37 PM1 replyview on HN

> My guess is that is this because UAE has ports on the other side of Hormuz and doesn't want to be restricted in their usage by OPEC?

Does OPEC limit that? It would be very surprising to me if they did, as the point of opec is only to limit production when oil prices are low. They aren't low right now.


Replies

marcosdumaytoday at 2:19 PM

Besides, nobody actually follows the OPEC limitations.