United Arab Emirates to quit oil cartel Opec
- Posted on April 28, 2026
- By BBC News
- 0 Views
- 1 min read
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.
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