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OPEC+ developments

UAE quits OPEC in major shock move

April 28, 2026 by Attia Naveed

The United Arab Emirates has announced its withdrawal from OPEC and OPEC+, delivering a major setback to the global oil producers’ alliance. The decision is significant as it comes amid ongoing disruptions in global energy markets linked to regional conflict and supply instability. According to UAE Energy Minister Suhail Mohamed al-Mazrouei, the move follows a […]

Filed Under: World Tagged With: Global oil market, Latest, oil prices Middle East, OPEC news 2026, OPEC+ developments, Strait of Hormuz crisis, UAE OPEC exit

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