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Tag: uae quits opec

Why did the UAE quit OPEC and OPEC+?

Posted on May 2, 2026 By admin
Why did the UAE quit OPEC and OPEC+?

File picture of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria. The UAE’s decision dealt 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…

Read More “Why did the UAE quit OPEC and OPEC+?” »

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