UAE quits OPEC: What that means for the Gulf, energy markets and beyond | Oil and Gas News | Al Jazeera
Navigation menu Iran After decades of membership, the United Arab Emirates has decided to quit the oil producers’ group, OPEC, in order to focus on “national interests” and forge its own path, it has said. The move is seen as a major blow to the Vienna-based oil cartel – but will not spell the end of it altogether, observers say. The UAE’s decision to quit comes after years of open dissatisfaction with the oil cartel’s policy of capping members’ production as a way to control prices and stabilise the market. list 1 of 3Iran war: What is happening on day 37 of US-Israeli attacks? list 2 of 3OPEC+ agrees to hike oil output, warns of slow recovery after attacks list 3 of 3Global oil demand to plunge amid disruptions caused by war on Iran: IEA
Published: April 29, 2026 5:51 pm
Source: Al Jazeera — Read original