The UAE's departure from OPEC could trigger a domino effect, experts say, potentially leading to lower gasoline prices within ...

President Donald Trump, a longtime critic of the Organization of the Petroleum Exporting Countries (OPEC), who has accused ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.

The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on May 1.

Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of ...

The decision by the United Arab Emirates to leave the OPEC oil cartel has shaken up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price ...

UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further ...

By Uwadiae OsadiayeIn a move that has sent ripples through global energy markets, the United Arab Emirates (UAE) announced on April 28, 2026, that it will formally withdraw from the Organization of ...

The United Arab Emirates - a leading producer of crude oil - has decided to quit the Organization of Petroleum Exporting Countries. Here's why and what may happen next.

The UAE announced it is quitting OPEC after 59 years, a move experts say could boost oil production and ultimately lower global energy prices.

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