April 28th, 2026 - 12:29 GMT
ALBAWABA - The United Arab Emirates announced its decision to withdraw from OPEC and OPEC+, Emirates News Agency (WAM) reported Tuesday. WAM added that the Guld country's decision to exit OPEC and OPEC+ aligns with the state's long-term strategic and economic vision. The decision will be effective starting from May 1, 2026. OPEC, the Organization of the Petroleum Exporting Countries, is a permanent intergovernmental organization founded in 1960 to coordinate ...