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United Arab Emirates to quit oil cartel Opec

United Arab Emirates to quit oil cartel Opec

The UAE leaving Opec is seen as a major blow and potential death knell for the oil cartel.

April 28, 2026 at 02:59 PM Original source
2 agencies covered this story

Coverage by Political Leaning

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Lean Right
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Notable Quotes

"ripping off the rest of the world"

— Donald Trump , Politician

"the beginning of the end"

— Saul Kavonic , Academic

"a major blow to the future effectiveness"

— Neil Atkinson , Executive

"The poorest people, who spend the highest share of their income on food and fuels, will be hit the hardest."

— Indermit Gill , Academic

"could lead to lower oil prices but higher volatility on the market in the coming decades."

— David Oxley , Academic

"criticised the Arab and Gulf states for not doing enough to protect it from Iranian attacks during the Middle East conflict"

— Anwar Gargash , Politician

"The UAE withdrawal marks a significant shift for Opec."

— Jorge León , Other

All Coverage

United Arab Emirates to quit oil cartel Opec
BBC Newsvia rss 5 quotes 5 persons

The UAE leaving Opec is seen as a major blow and potential death knell for the oil cartel.

100%
UAE quits Opec in win for Trump as oil cartel weakened
The Guardianvia ai 2 quotes 2 persons

The UAE's departure from OPEC is seen as a blow to the oil cartel, potentially weakening its ability to influence global oil prices amid ongoing geopolitical tensions.

80%