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2026April › 29

OPEC

62 days ago

The UAE announced it’s withdrawing from OPEC on May 1st.

63 days ago

UAE leaving OPEC will have huge ramifications.
The decision by the United Arab Emirates comes during the worst global energy crisis of modern times.
The UAE has faced repeated missile and drone attacks by Iran, a fellow OPEC member, as it responds to the U.S.-Israeli war.
The move reflects a widening confrontation with Saudi Arabia and a fundamental realignment of alliances.
Amrita Sen, founder and director of market intelligence at Energy Aspects discusses UAE's decision to leave OPEC and how the justification seems intriguing given the oil supply constrain all OPEC mem…
Trump says Iran is in a 'state of collapse' as Gulf leaders meet in Saudi Arabia.
Markets grapple with the UAE's shock OPEC exit, while also contending with a host of earnings reports and a Fed decision later today.
European stocks are expected to open broadly lower on Wednesday as investors react to the latest upset for OPEC and renewed concerns over the AI sector.
The United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking the question of who else could follow.

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