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UAE To Leave OPEC In Days Amid Global Oil Crisis

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#oil#opec#uae#saudi arabia#energy
UAE To Leave OPEC In Days Amid Global Oil Crisis
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The United Arab Emirates (UAE) plans to leave OPEC on May 1, marking a significant shift after six decades of membership. This decision is influenced by rising tensions with Saudi Arabia and the ongoing Iran war, which has affected oil exports in the region. The UAE aims to enhance its energy production capabilities and respond to current market pressures.

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Original publisherNewsweek
Canonical URLhttps://www.newsweek.com/united-arab-emirates-to-leave-opec-may-1-global-oil-crisis-iran-war-strait-hormiz-11886822-11886822
Publication timeTue, 28 Apr 2026 08:53:04 -0400
Retrieval time2026-04-28T12:59:31.930Z
Last seen2026-04-28T12:59:31.930Z
Headline sourcePublisher (no WeSearch rewrite)
Excerpt sourcepublisher body
Excerpt methodFirst ~120 words (~800 chars) of extracted publisher body, fair-use limited.
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ClusterCmj3CpHEO2Eu · 8 stories
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Publisher visitYes — open original
Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

By Matthew Robinson, Brendan Cole, and Mandy TaheriShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.The United Arab Emirates (UAE) has announced plans to leave the group of the world's leading oil exporters, OPEC and OPEC+, on May 1.The abrupt decision by the UAE, which has been a member of OPEC for six decades, reflects intensified rivalry with Saudi Arabia and current pressures from the Iran war on Gulf countries exporting oil.The move could deliver a boost for U.S. President Donald Trump, who has accused the group of "ripping off the rest of the world" ‌by inflating oil prices.

Excerpt limited to ~120 words for fair-use compliance. The full article is at Newsweek.

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