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UAE Withdraws From OPEC, OPEC+, Local Media Report
UAE Withdraws From OPEC, OPEC+, Local Media Report
Sputnik Africa
The UAE has announced its decision to leave OPEC and OPEC+, the WAM news agency reported on Tuesday.The decision will go into effect on May 1. 28.04.2026, Sputnik Africa
2026-04-28T14:37+0200
2026-04-28T14:37+0200
2026-04-28T15:03+0200
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The UAE has announced its decision to leave OPEC and OPEC+, the WAM news agency reported on Tuesday.The decision will go into effect on May 1.
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UAE Withdraws From OPEC, OPEC+, Local Media Report
14:37 28.04.2026 (Updated: 15:03 28.04.2026) The UAE has announced its decision to leave OPEC and OPEC+, the WAM news agency reported on Tuesday.
The decision will go into effect on May 1.
"This decision confirms the evolution of industry policy aimed at increasing flexibility in responding to market dynamics, while continuing to contribute to market stability in a thoughtful and responsible manner," according to the agency.
