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Middle East • 2026-05-03 02:00

OPEC+ Ministers Meet to Set Production Quotas After UAE’s Exit

Seven OPEC+ members gathered to discuss oil output limits after the United Arab Emirates announced its withdrawal from the alliance. Officials focused on balancing market stability with member revenues, with a tentative agreement expected later in the week. Analysts note the meeting comes as global demand rebounds and prices hover near $80 a barrel.

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