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AllWorld news

4 resultsfor “timing of UAE Opec announcement”

Business

How the UAE’s decision to leave Opec could recast the Middle East

Opec, and weakens the Saudis’ ability to manage the price of oil. The announcement, without any prior consultation, came as the six-member Gulf Cooperation Council (GCC), which includes Saudi and the UAE, was meeting

The Guardian World3h ago
Politics

Gulf leaders meet in Saudi Arabia for first time since start of war on Iran

UAE announcing a decision to [withdraw from OPEC and OPEC+](/news/2026/4/28/uae-leaves-opec-and-opec) to focus on “national interests”, dealing ⁠a heavy ⁠blow to the oil-exporting groups. Earlier on Tuesday, Qatar’s Ministry of Foreign Affairs cautioned

Al Jazeera English6h ago
Business

What are OPEC and OPEC +, and why has the UAE quit?

UAE quit? The United Arab Emirates has announced its withdrawal from OPEC and the wider OPEC+ framework, removing a core pillar of one of the most influential groups in the energy world. The Gulf country

Al Jazeera English4h ago
Business

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

announced [its abrupt exit from Opec](https://www.bbc.co.uk/news/articles/cj4pxwlr52yo), the Organisation of Petroleum Exporting Countries. The Emiratis were members even before they became a nation state in 1971. Opec is the organisation of mainly Gulf

BBC News6h ago