DUBAI, United Arab Emirates — The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of its third-largest producer and further weakening its leverage over ...
The United Arab Emirates announced Tuesday that it will leave OPEC effective May 1 — a shocking blow to the world’s largest oil cartel as the Iran war threatens global energy supplies. Though the ...
The United Arab Emirates announced Tuesday that it will leave OPEC effective May 1 – a shocking blow to the world’s largest oil cartel that could help drive down gasoline prices. Though the Persian ...
BERLIN, 20th May, 2026 (WAM) -- H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, met with Alexander Dobrindt, Minister of the Interior of the Federal ...
The United Arab Emirates said on Tuesday it is exiting OPEC and the broader OPEC+ as of May 1, marking a major loss for the oil-producing bloc as global energy markets remain volatile in light of the ...
The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC’s influence. By Vivian Nereim and ...