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UAE to leave Opec in blow to oil cartel

  • Posted on April 28, 2026
  • By Financial Times
  • 0 Views
  • 1 min read
In brief

The United Arab Emirates has announced its withdrawal from OPEC, marking a significant shift in global oil politics. This strategic departure reflects mounting tensions within the cartel regarding production quota allocations and member disagreements over supply management policies. The exit signals the UAE's desire for greater autonomy in its energy strategy and highlights deepening divisions among OPEC nations over crude oil output coordination and market stability.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

UAE to leave Opec in blow to oil cartel
UAE to leave Opec in blow to oil cartel

Move underlines long-running frustrations with group of over production quotas
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Author
Financial Times

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