At a time when global energy market is highly volatile because of Iran-US war, the United Arab Emirates (UAE) announced its decision on Tuesday to quit the Organisation of Petroleum Exporting ...

The Gulf state is the latest to quit the group, which was created to form a united ⁠front on oil pricing.

The UAE has announced it will quit OPEC and OPEC+ from May 1, 2026, in a move that could reshape global oil markets.

The United Arab Emirates, a 59-year stalwart of OPEC and a key member of the 10-year-old OPEC-Plus, has raised big questions by walking away from both organizations. Odessa oilman Kirk Edwards and ...

The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.

UAE exits OPEC and OPEC+ amid West Asia war, signalling a major shift in global oil alliances and posing a challenge to Saudi Arabia’s leadership.

What is OPEC? OPEC is a coalition of oil-producing countries that coordinates policies and production quotas to influence global oil prices. The group was formed in 1960 by Saudi ...

UAE leaving OPEC will have huge ramifications. One year from today, I believe UAE oil production will be over 4 million barrels per day (mbd). But OPEC will still hold significant sway over markets.

The United Arab Emirates (UAE) has shocked the global energy market by announcing its departure from the Organisation of the Petroleum Exporting Countries (OPEC). This historic exit announced on ...

Outside the group, the UAE would have both the incentive and the ability to increase production, says Jorge Leon, analyst at Rystad ...

Oil is once again making headlines. This week, the United Arab Emirates (UAE) made the shock decision to leave the Organisation of the Petroleum Exporting Countries (OPEC). OPEC is network of ...