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2026-04-29 08:47:02

Since the founding of OPEC, major rifts have emerged, and the contradiction between the UAE's production ambitions and quota restrictions has finally erupted. How will Saudi Arabia respond next?

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CryptoFrontier2026-04-29 08:42:03

UAE Exits OPEC on May 1, Weakening Group's Oil Market Control

The United Arab Emirates announced on April 28, 2024, that it will leave OPEC on May 1, 2024, after nearly 60 years of membership, according to OPEC+ delegates and analysts cited in reporting on the departure. The exit marks a significant shift in the organization's power, with the UAE described

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