UAE leaves OPEC in major blow to global oil producers' group - Reuters

<a href="https://news.google.com/rss/articles/CBMimAFBVV95cUxNZWEyNjA0NWVRbFNPSGE2Vzd2NGlWcXlvcU44RTdmOVBiMlQwR09xVC1ibkdCREI1QkVORmNaR2Y3VEZOanB4ZjA5TWhCMmpnaUg5UmRwMU1KLXRJTVNoN3ZuQW13aUpiUGdEVzRUbkgwRXRFNEtDMHltS0VoQk56VWFsbTB1V0FROHhDNG11WmtfSjZyekg3WA?oc=5" target="_blank">UAE leaves OPEC in major blow to global oil producers' group</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

The UAE announced its decision to leave OPEC effective May 1, 2026, citing national interests and a desire to focus on its energy strategy.

The UAE's departure from OPEC is expected to disrupt the 65-year-old alliance that produces about 40% of the world's crude oil.

The UAE's decision to exit OPEC reflects its focus on national interests and a commitment to a new energy era, effective May 1, 2026.

The UAE's exit from OPEC and OPEC+ comes amid the US-Israel war on Iran, causing a historic energy shock and unsettling the global economy.

The UAE's departure from OPEC and OPEC+ is a significant blow to the oil-exporting groups and their de facto leader, Saudi Arabia.

The UAE's withdrawal from OPEC ends a 58-year membership and deals a symbolic blow to an economic alliance strained by regional war and fractured diplomacy.

The UAE's departure from OPEC after more than five decades of membership undermines OPEC's ability to regulate oil supply and stabilize global prices.

The UAE's decision to quit both OPEC and OPEC+ deals a heavy blow to the oil exporters' cartel and its de facto leader, Saudi Arabia.

The UAE's departure from OPEC and OPEC+ is a significant blow to the oil-exporting groups and their de facto leader, Saudi Arabia.

The UAE's decision to leave OPEC and OPEC+ effective May 1, 2026, ends a 59-year membership and impacts the oil cartel's dynamics.