The UAE's departure from OPEC could trigger a domino effect, experts say, potentially leading to lower gasoline prices within ...

Cartel members are not always a congenial bunch.  Relations can get frosty and brittle over time.  With the United Arab ...

Countries that are part of OPEC, the intergovernmental organization that oversees global oil markets, are cutting their ...

President Donald Trump, a longtime critic of the Organization of the Petroleum Exporting Countries (OPEC), who has accused ...

The U.A.E. was the “most likely” candidate to leave OPEC, but others may follow.

The UAE has announced it will quit OPEC and OPEC+ from May 1, 2026, in a move that could reshape global oil markets.

The UAE has been a member of the oil cartel since the country was founded in 1971, but in recent years, it has grown ...

FRANKFURT, Germany (AP) — The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major ...

OPEC has reduced its 2026 global oil demand growth prediction, aligning with other forecasters like the International Energy ...

Loss of third-biggest oil producer and one of longest-serving members could be existential threat to alliance, as other countries ‘chafe’ under production quotas ...

The UAE’s decision to exit OPEC and OPEC+ is a sovereign strategic choice rooted in its long-term economic vision, evolving ...

It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.