L

Lord Scriven (LD)

Speaking in the House of Lords on 28 April 2026

Debate

Middle East: Economic Update

Contribution

My Lords, one of the implications of what has happened in the Middle East is that the United Arab Emirates has announced that it is withdrawing from OPEC, which will have an impact on global oil market volatility. In the light of this new scenario, are the Government planning to take extra steps to shield energy-intensive industries from potentially very large swings in oil prices?

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