International Economic

UAE to exit Opec and Opec+ from 1 May

By Michele Maatouk

Date: Tuesday 28 Apr 2026

(Sharecast News) - The United Arab Emirates announced on Tuesday that it is exiting the Organization of the Petroleum Exporting Countries (Opec) and Opec+ with effect from 1 May.
The UAE's energy ministry said in a statement: "This decision follows a comprehensive review of the UAE's production policy and its current...

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