OPEC

OPEC

The UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates. File Photo: Ahmed Jadallah/Reuters

UAE exits Arab oil exporter group OAPEC

The statement follows UAE's surprise announcement on 28 April of its departure from the OPEC and OPEC+ producer groups, to prioritise boosting its own output

The UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates. File Photo: Ahmed Jadallah/Reuters

Not by oil alone: the message from the UAE’s exit from OPEC

A model of an oil pump is seen in front of a Russian flag in this illustration taken January 9, 2026. Photo: Reuters

Russia says OPEC+ will continue after UAE exit, no price war expected

What the UAE’s departure from OPEC means for global oil markets

What the UAE’s departure from OPEC means for global oil markets

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside its headquarters in Vienna, Austria, 7 December, 2018. Photo: Reuters

What UAE’s exit from OPEC means for global oil markets

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

UAE leaves OPEC and OPEC+ in major blow to global oil producers' group

Opec+ agrees to boost oil output when Strait of Hormuz reopens

Opec+ agrees to boost oil output when Strait of Hormuz reopens

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Photo: REUTERS/Maxim Shemetov/File Photo

OPEC+ debates oil output boost as US war on Iran disrupts shipments

A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Photo: REUTERS/Stringer/File Photo

OPEC+ pauses oil output hikes beyond December amid glut fears

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

OPEC+ to proceed with planned April oil output hike

Libya's Acting Oil and Gas Minister Khalifa Abdulsadek and OPEC Secretary General Haitham Al Ghais shake hands during the Libya Energy & Economy Summit, in Tripoli, Libya January 18, 2025. Photo: REUTERS/Ahmed Elumami

Libya needs $3-4 billion to boost oil production, bidding round expected soon: oil minister

A model of an oil pump and oil barrels jack is seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. Photo: REUTERS/Dado Ruvic/Illustration

Indian state refiners may buy Mideast spot oil to replace Russian shortfall

OPEC+ extends oil supply cuts through March

OPEC+ extends oil supply cuts through March