Tuesday, April 28, 2026

UAE Quits OPEC

How the UAE’s decision to leave OPEC could recast the Middle East
https://www.theguardian.com/business/2026/apr/28/how-uae-leave-opec-recast-middle-east-saudi-arabia-us
Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region.
 
UAE leaves OPEC in blow to global oil producers' group
https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers' group ​as an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations.