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United Arab Emirates will leave OPEC on May 1

19 sources|Diversity: 98%|

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CBS NewsBApr 28, 2:47 PM

United Arab Emirates says it will permanently leave OPEC on May 1

UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.

NPRAApr 28, 2:09 PM

The United Arab Emirates is quitting OPEC oil cartel after nearly 60 years

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.

NBC NewsBApr 28, 12:46 PM

United Arab Emirates quits OPEC as Iran war raises Gulf tensions

U.S. crude oil surpassed $100 per barrel for the first time since April 10 after Iran talks stumbled and the United Arab Emirates said it would leave OPEC.

The GuardianAApr 28, 4:06 PM

UAE quits Opec in win for Trump as oil cartel weakened

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices Business live – latest updates The United Arab Emirates has quit the Opec oil cartel after 60 yea

New York TimesAApr 28, 2:08 PM

UAE Says It Will Leave OPEC as Iran War Strains Oil Markets

The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its departure is expected to weaken OPEC’s influence.

CBS NewsBApr 28, 3:10 PM

Strait of Hormuz in limbo as UAE says its leaving OPEC

The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. Meanwhile, the United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Cou

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PBS NewsHourAApr 28, 2:51 PM

United Arab Emirates will leave OPEC on May 1

The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC and its wider OPEC+ group effective May 1, a move rumored for some time as the Emirates chafed under production restri

BBC NewsAApr 28, 3:25 PM

United Arab Emirates to quit oil cartel Opec

The UAE leaving Opec is seen as a major blow and potential death knell for the oil cartel.

MarketWatchBApr 28, 3:13 PM

U.A.E. quits OPEC: Here’s what it means for oil prices and the economy

The decision by the United Arab Emirates on Tuesday to quit the Organization of the Petroleum Exporting Countries is a sign the cartel is losing its grip on the ability to control the worldwide supply

BloombergAApr 28, 12:29 PM

UAE to Leave OPEC in May as Iran War Reshapes Oil Market - Bloomberg.com

UAE to Leave OPEC in May as Iran War Reshapes Oil Market  Bloomberg.com

The HillBApr 28, 1:32 PM

UAE announces plans to leave OPEC: State media

The United Arab Emirates (UAE) will leave OPEC, the country’s government said on Tuesday.  The country will officially exit OPEC and its broader OPEC+ association on May 1 following the government’s i

Al JazeeraBApr 28, 12:33 PM

UAE leaves OPEC in blow to oil cartel during war on Iran

Announcement comes as Gulf producers are already struggling to ship exports through the Strait of Hormuz.

AxiosAApr 28, 2:17 PM

UAE leaves OPEC to pursue "accelerated" production

The United Arab Emirates said Tuesday it's exiting OPEC after more than 50 years — a blow to the powerful alliance of big oil producers. Why it matters: The UAE is the group's third-largest producer,

BBC NewsAApr 28, 3:55 PM

Faisal Islam: Why the UAE's exit from Opec is a big deal

It will have little effect on the current oil blockades, but it could change everything afterwards.

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