OPEC is a group of oil-producing countries that work together to influence how much oil the world gets. It was formed in 1960 ...

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

The UAE’s departure does more than weaken an oil cartel. It strengthens Washington’s hand in shaping global energy dynamics ...

Exit reflects long-term strategy to boost production flexibility and align with evolving demand, while maintaining commitment ...

The UAE exits OPEC after decades, driven by economic realities, changing global demand, and strained regional politics ...