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United Arab Emirates to quit oil cartel Opec

  • Posted on April 28, 2026
  • By BBC News
  • 0 Views
  • 1 min read
In brief

The United Arab Emirates has announced its withdrawal from both OPEC and OPEC+ alliances, marking a significant shift in global oil market dynamics. This strategic decision reflects the nation's desire for independent petroleum policy and greater flexibility in production decisions. The move signals growing tensions within the cartel regarding production quotas and pricing strategies, potentially reshaping the balance of power in international energy markets and influencing crude oil prices worldwide.

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

United Arab Emirates to quit oil cartel Opec
United Arab Emirates to quit oil cartel Opec

The UAE says it is leaving the Opec and Opec+ groups of major oil producing nations.
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Author
BBC News

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