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UAE quits Opec in win for Trump as oil cartel weakened

https://www.theguardian.com/business/2026/apr/28/uae-quit-opec-oil-exporters-cartel-donald-trumphttps://www.dw.com/en/uae-quits-opec-in-shock-move-amid-energy-turmoil/a-76968579https://www.cnbc.com/2026/04/28/uae-opec-oil-iran.html
Theguardian.com and 8 more
UAE quits Opec in win for Trump as oil cartel weakened Open in Theguardian.com
Highlights
  • The UAE announced it will exit OPEC effective May 1, signaling a strategic shift in its energy diplomacy amid ongoing volatility in the Middle East and global oil markets.
  • This decision follows a comprehensive review of the UAE's production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market's pressing needs.
  • The departure comes as energy volatility linked to Iran-related disruptions and Hormuz tensions increases uncertainty for oil buyers and markets.

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References

UAE quits OPEC in shock move amid energy turmoil

UAE quits OPEC in shock move amid energy turmoil

United Arab Emirates leaving OPEC, effective May 1

United Arab Emirates leaving OPEC, effective May 1

United Arab Emirates quits OPEC as Iran war raises Gulf tensions

United Arab Emirates quits OPEC as Iran war raises Gulf tensions

The UAE Will Exit OPEC After Nearly 60 Years

The UAE Will Exit OPEC After Nearly 60 Years

UAE leaves OPEC in blow to oil cartel during war on Iran

UAE leaves OPEC in blow to oil cartel during war on Iran

UAE Quits OPEC and OPEC+ as Hormuz Crisis Drags On | OilPrice.com

UAE Quits OPEC and OPEC+ as Hormuz Crisis Drags On | OilPrice.com

United Arab Emirates to leave OPEC on May 1 in shocking blow to world’s largest oil cartel amid Iran war

United Arab Emirates to leave OPEC on May 1 in shocking blow to world’s largest oil cartel amid Iran war

UAE quits OPEC in blow to cartel that could reshape global oil markets | CNN Business

UAE quits OPEC in blow to cartel that could reshape global oil markets | CNN Business

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