In Major Move, United Arab Emirates Says It Will Leave OPEC
- Posted on April 28, 2026
- Organization Of The Petroleum Exporting Countries
- By The New York Times
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- 1 min read
The United Arab Emirates has announced its withdrawal from OPEC, marking a significant geopolitical shift in the global energy sector. This decision stems from long-standing tensions over production quotas that UAE officials argue have disproportionately constrained its oil export capacity. The move signals growing frustration within the cartel and could reshape international oil market dynamics and pricing strategies in the coming years.
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In Major Move, United Arab Emirates Says It Will Leave OPEC
The Gulf government has long complained about the oil cartel’s quotas, which officials believe unfairly limited its exports. continue reading...