Stunning loss to OPEC as UAE quits group

Author: news24.comPublished on: April 28, 2026Country: United Arab Emirates

PoliticsBusiness & Economy

Stunning loss to OPEC as UAE quits group

The departure of the UAE, a longstanding OPEC member, could create disarray and weaken the group. This decision marks a significant turning point in the organization's dynamics, which may have repercussions on the global oil market. The reasons for this withdrawal were not specified in the article.

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