London, April 29, 2026 (AFP) - What's next for OPEC after the UAE's withdrawal?

NAMPA / AFP

2026-04-29

The exit of the UAE from OPEC and OPEC+ starting in May has cast doubts over the Saudi-led cartel's future after losing its fourth largest producer and further strains ties between the two Gulf rivals. While the United Arab Emirates is not the first country to leave OPEC, it is by far the biggest oil producer to do so -- dealing a massive blow to the group's hegemony and its ability to regulate oil prices and absorb shocks. - What was the UAE's......

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