UAE exits OPEC+: What is OPEC, its members, and what does the bloc do?
OPEC+ produces nearly 50% of the world’s oil and oil liquids. (Representational image) | Photo Credit: Getty Images/iStockphoto The United Arab Emirates (UAE) announced on Tuesday (April 28, 2026) that effective May 1 it will leave OPEC+ — an alliance of oil-producing countries — in a move seen as a major determinant of both short-term…
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