https://www.nytimes.com/2026/04/28/world/middleeast/uae-opec.html
The UAE announced earlier today that it plans on leaving the Organization of Petroleum Exporting Countries (OPEC) by May 1st. It cites the current US-Israel War with Iran as a primary reason behind this withdrawal.
The UAE has been a member of OPEC since the 1970s. The loss of the UAE is a major blow to the group, as the UAE produces a large amount of oil.
Wil Kent 4/28/26 11:37AM
