Oil Cartel Loses Grip And Drivers Could Feel It at The Pump
OPEC is facing one of its most significant disruptions in decades after the United Arab Emirates announced it will withdraw from the oil cartel eff...
Last updated: 2026-04-29 16:04:47 ET
OPEC is facing one of its most significant disruptions in decades after the United Arab Emirates announced it will withdraw from the oil cartel eff...
The UAE is one of OPEC’s top producers
The United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking questions on who else could follow.
Asian stocks are mostly higher despite a retreat on Wall Street, and oil prices slipped after the United Arab Emirates said it would leave OPEC in a b...
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The war in Iran has drawn attention to arrests in the United Arab Emirates over online content, but the legal framework behind that enforcement has existed for years.
The UAE's decision, after nearly 60 years of membership, is seen as a potential death knell for the oil cartel.
US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil pricesThe United Arab Emirates has quit the Opec oil...
It will have little effect on the current oil blockades, but it could change everything afterwards.
UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.
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