UAE announces exit from OPEC and OPEC+ amid Saudi‑Abu Dhabi rivalry
Fast facts
- Category: Asia
- Language: EN
- Published: 2026-05-02 16:09 UTC
- Sources: The Hindu
The United Arab Emirates decided to leave OPEC and the OPEC+ alliance, signaling a shift in regional oil politics. Analysts attribute the move to years of competition between Riyadh and Abu Dhabi over production quotas and pricing strategy. The departure could affect global oil prices and may benefit importing nations such as India.
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