What could the UAE’s exit from OPEC mean for oil markets and the climate? The world's third-largest oil producer has the capacity to increase its output by almost 50 per cent, according to industry estimates. Euronews · Apr 30
The UAE is leaving the OPEC oil cartel. What could that mean for oil prices? The United Arab Emirates (UAE) has announced that on May 1, it will leave both the Organization of the Petroleum Exporting Countries (OPEC) and the larger OPEC+ group. By withdrawing, the UAE will now be able to independently decide how much oil it produces and sells. The Conversation · Apr 29
The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high Editorial: The world must accelerate the shift to renewables, regardless of the economic effects of Abu Dhabi’s decision The Guardian - UK · Apr 29
UAE’s departure from Opec tells a story about the limited future of oil production The decision by the United Arab Emirates to leave the oil producers’ cartel Opec after 59 years is more than a symbolic break. It highlights a growing divide among major oil producers over how to respond to a changing energy landscape, and will weaken the group’s ability to manage global… The Conversation · Apr 29
Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+. Euronews · Apr 29
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC The move didn’t surprise Hanke, who served on the UAE’s Financial Advisory Council from 2008 to 2014. Fortune · Apr 29
OPEC: UAE Leaves OPEC — What This Means for the Global Oil Economy OPEC faces uncertainty as UAE exit reports trigger concerns over oil supply stability and global economic ripple effects International Business Times UK · Apr 29
Oil prices decline after UAE says it will exit Opec amid Iran war energy crisis Asian stocks are mostly higher despite a retreat on Wall Street The Independent UK · Apr 29
United Arab Emirates will leave OPEC in a blow to the oil cartel The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices The Independent UK · Apr 29
UAE’s OPEC exit has been long in the works – and may mark the beginning of a Gulf realignment The United Arab Emirates’ decision to withdraw from the Organization of Petroleum Exporting Countries will leave the oil cartel weakened at a crucial time. It also illustrates the ongoing tensions between the UAE and Saudi Arabia, OPEC’s largest producer and de facto leader. The Conversation · Apr 28
Morning Mail: UAE quits Opec oil cartel, Pauline Hanson tops political leader approval ratings, King Charles addresses Congress Emirates shake global energy market with decision to leave Saudi-led group; Essential poll shows Pauline Hanson has highest leader approval ratings The Guardian - AU · Apr 28
What UAE's Shock OPEC Exit After Nearly Six Decades Means for Oil Prices and the World The UAE's decision to leave OPEC by May 2026 signals a major shift in global oil markets, influenced by geopolitical tensions and strategic national interests. International Business Times UK · Apr 28
UAE Quits OPEC Effective May 1: 10 Key Facts on Shocking Exit The United Arab Emirates announced Tuesday it will leave both OPEC and the broader OPEC+ alliance effective May 1, delivering a major blow to the oil producers' group and its de facto leader Saudi Arabia amid the ongoing Iran conflict that has severely disrupted Gulf energy exports. International Business Times · Apr 28
Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe The Independent UK · Apr 28
The Guardian - UK · Apr 28 How the UAE’s decision to leave Opec could recast the Middle East Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region
Barchart · Apr 28 Why the Real Story Behind the UAE’s OPEC Exit is Petrodollar Diplomacy With Emirati energy infrastructure taking hits from the Iran war, Treasury Secretary Bessent tries to stave off the ‘petroyuan’ era.
Evening Standard · Apr 28 FTSE 100 edges higher but US tech stocks wobble The index closed up 11.70 points at 10,332.79.
International Business Times UK · Apr 28 OPEC Suffers Stunning Blow as UAE Abandons Oil Cartel Following Strategic Pivot Toward Independent Production The United Arab Emirates' exit from OPEC sparks claims of 'the beginning of the end' for the group, unfolding amid Iran War–driven turmoil and uncertainty in the global oil industry.
The Guardian - UK · Apr 28 UAE quits Opec in win for Trump as oil cartel weakened US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices
Axios · Apr 28 UAE leaves OPEC to pursue "accelerated" production The departure will make it tougher for OPEC to control output and prices.
Evening Standard · Apr 28 UAE to leave Opec group of oil producers amid Middle East energy shock The UAE joined Opec in 1967, and its departure will leave the oil cartel with 11 member countries including Saudi Arabia, Iran and Iraq.
The Independent UK · Apr 28 UAE to leave Opec group of oil producers after six decades amid ‘volatility’ from Middle East energy shock UAE’s withdrawal will leave the oil group with 11 member countries, including Saudi Arabia, Iran, and Iraq
Fortune · Apr 28 OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.
International Business Times · Apr 28 UAE Announces It Will Leave OPEC As Of Next Month Amid Cool Relations With Other Members The United Arab Emirates announced it will leave the OPEC cartel and the wider OPEC+ group as of next month amid cooler relations with other members, particularly Saudi Arabia.