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UAE to quit Opec in blow to oil exporters’ cartel

  • Posted on April 28, 2026
  • By The Guardian
  • 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 decision represents a strategic realignment in the energy sector and aligns with the Trump administration's longstanding criticism of OPEC's market manipulation practices. The exit signals growing tensions within the cartel over production quotas and pricing strategies, potentially reshaping international oil markets and geopolitical dynamics among major energy producers.

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

UAE to quit Opec in blow to oil exporters’ cartel
UAE to quit Opec in blow to oil exporters’ cartel

Big win for Donald Trump, who has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices
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Author
The Guardian

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