Day: 29 April 2026

UAE to leave OPEC and OPEC+: what the exit could mean for quotas, cohesion and oil markets

The United Arab Emirates will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) on May 1, according to a statement carried by the country’s state news agency. Abu Dhabi framed the move as part of a longer-term strategy to accelerate investment in domestic production and align energy policy with broader economic priorities. OPEC, […]