UAE leaves OPEC and OPEC+ in major blow to global oil producers' group
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Source: The Jerusalem Post
Published: 2026-04-28 23:47 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, Economy & Finance, World News, Business & Economy, War & Conflict
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Snippet:
The United Arab Emirates said on Tuesday it was quitting Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy.
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