UAE exits OPEC, OPEC+, shakes global oil market

The UAE has announced its formal exit from OPEC and OPEC+ effective May 2026. Discover the reasons for this major shift and its impact on global oil prices

The Briefing Africa

April 28, 2026 · 14:15 · 5 min read

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The UAE has announced its formal exit from OPEC and OPEC+ effective May 2026. Discover the reasons for this major shift and its impact on global oil prices

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UAE exits OPEC, OPEC+, shakes global oil market