#UAEOPEC
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UAE Withdraws from OPEC and OPEC+: Impact on Oil Prices and Supply
Highlights In a move that has sent shockwaves through the energy world, the United Arab Emirates (UAE) announced today, April 28, 2026, its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance. This departure, effective May 1, 2026, marks the end of nearly six decades of membership…
