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2026 › April › 28
OPEC
64 days ago
The UAE wants to ramp up production without constraints from OPEC, which could prove bearish for prices at some point.
UAE QUITS OPEC weakening oil cartel's leverage over global prices ⊖
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a story from The Daily Mail 💩 › The Daily Mail
As of May 1, the Organization of the Petroleum Exporting Countries (OPEC) will have lost one of its key members, weakening its leverage over global oil supplies and prices.
What are OPEC and OPEC +, and why has the UAE quit? ⊕
The Gulf state is the latest to quit the group, which was created to form a united front on oil pricing.
UAE leaves OPEC in blow to oil cartel amid war on Iran ○
The United Arab Emirates has announced it’s withdrawing from OPEC and OPEC+.
UAE leaves OPEC, citing national interest in 'a new energy age' ⊕
The UAE’s historic decision is a major blow to the alliance of oil producers, just as the global energy crisis is escalating over Iran’s blockade of the Strait of Hormuz, but the Gulf state insists i…
United Arab Emirates leaving OPEC, effective May 1 ⊕
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The UAE was the third-largest producer in OPEC in February, behind Saudi Arabia and Iraq.
UAE leaves OPEC and OPEC+ ○
This is a developing story.
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