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UAE leaves OPEC and OPEC+ to gain production flexibility

The United Arab Emirates has withdrawn from OPEC and OPEC+, dealing a major blow to the Saudi-led oil alliance amid heightened Strait of Hormuz tensions.

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Friday, 1 May 2026 at 23:38 UTC
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The United Arab Emirates has withdrawn from OPEC and OPEC+, dealing a major blow to the Saudi-led oil alliance amid heightened Strait of Hormuz tensions.
e/eineurope · topic · T-14946