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UAE Announces Withdrawal from OPEC, Sparking Market Concerns

The United Arab Emirates has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC). This move has prompted widespread discussion about its potential impact on global oil markets, OPEC's future influence, and regional geopolitical alliances.

29 Apr, 07:27 — 29 Apr, 18:16
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china-dailyDaily Sabah
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Sources

Showing 20 of 36 sources
BBCHigh3h ago

In five charts - How UAE's exit could affect Opec's influence over the oil price

The BBC takes a look in charts at what the UAE's departure could mean for the oil cartel and more widely.

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FTVery High2h ago

The twilight of Opec

UAE’s departure leaves Saudi Arabia trying to hold together a fractious cartel

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The GuardianMostly Factual1h ago

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 Opec appears to be the latest casualty of the Iran war. On Tuesday, the United Arab Emirates announced that it was leaving the oil cartel after 60 years. The loss of a critical member is a blow to the group and its de facto leader, Saudi Arabia, in the midst of the biggest supply crisis in history. This is a geopolitical decision, not merely an economic one. The UAE has built itself i...

By Editorial

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NPRHigh5h ago

UAE OPEC

The UAE says it will leave OPEC, amid tensions with Saudi Arabia and the chaos of the Iran war.

By Aya Batrawy

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Al JazeeraMostly Factual2h ago

UAE quits OPEC: What that means for the Gulf, energy markets and beyond

UAE signalling intent to pursue independent economic policies and reshape Gulf oil politics.

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SCMPMostly Factual6h ago

Why China may benefit from the UAE’s Opec withdrawal amid Iran war oil crisis

China may gain from the United Arab Emirates (UAE) withdrawing from the Organisation of Petroleum Exporting Countries (Opec), benefiting from additional supply as global oil markets face growing strain three months into the US-Israeli war in Iran, analysts said. The UAE – Opec’s third-largest producer, accounting for about 12 per cent of its total output – will formally leave the bloc on May 1. UAE Energy Minister Suhail Mohamed al-Mazrouei told CNBC that it was the “right time” to exit, addi...

By Frank Chen,Mia Nurmamat

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YahooMostly Factual2h ago

OPEC+ set to agree another oil output hike without UAE, sources say

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straits-timesMostly Factual4h ago

UAE’s OPEC exit : Shockwaves will be felt beyond oil prices - The Straits Times

UAE’s OPEC exit : Shockwaves will be felt beyond oil prices  The Straits Times

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hindustan-timesMostly Factual5h ago

The UAE’s departure from OPEC may not break the cartel

But it highlights long-standing tensions that the Gulf war has exacerbated

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ndtvMostly Factual1h ago

Trade, Economy, Investment: How UAE's OPEC Exit Will Affect Saudi Relations

Saudi Arabia and the UAE are so deeply enmeshed in trade, investment and logistics that analysts say a full-blown economic rift is unlikely.

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The WeekMostly Factual4h ago

UAE quits OPEC, eroding oil cartel’s leverage

The country had been the organization’s third-largest producer

By Peter Weber, The Week US

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Moscow TimesMostly Factual6h ago

Kremlin Hopes OPEC+ Will Stand Firm Despite UAE Exit

Moscow said it has no plans to withdraw from the organization, calling it “especially crucial when energy markets are in turmoil.”

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national-uaeMixed2h ago

UAE exit leaves Opec facing more rivals with limited buffers - The National

UAE exit leaves Opec facing more rivals with limited buffers  The National

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gulf-newsMixed5h ago

EDGE highlights growth in defence manufacturing at Make it in the Emirates 2026 - Gulf News

EDGE highlights growth in defence manufacturing at Make it in the Emirates 2026  Gulf News

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khaleej-timesMixed7h ago

1.6kg onion, grapes in Al Ain desert: How agriculture thrives in UAE - Khaleej Times

1.6kg onion, grapes in Al Ain desert: How agriculture thrives in UAE  Khaleej Times

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express-tribuneMostly Factual12h ago

UAE reviewing multilateral ties after OPEC exit but rules out more departures, official says

Exit of ⁠UAE widens rift with Saudi ​Arabia, which is effectively OPEC's leader

By Reuters

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Daily SabahMixed8h ago

Russia to stay in OPEC+, hopes UAE move not end for group

⁠Russia plans to stay in the OPEC+ group despite a decision by the United Arab Emirates (UAE) to leave this May, the Kremlin ​said Wednesday, voicing hopes the ​alliance ⁠of oil pr...

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dutchnewsMostly Factual7h ago

VVD MP Harry Bevers takes sick leave after leukaemia diagnosis

Harry Bevers, an MP for the right-wing liberal VVD party, has taken sick leave after being diagnosed with acute myeloid...

By Gordon Darroch

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azernewsLow10h ago

UAE withdrawal from OPEC and OPEC+ delivers major blow to global oil producers - AzerNews

UAE withdrawal from OPEC and OPEC+ delivers major blow to global oil producers  AzerNews

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astana-timesMixed10h ago

Kazakhstan Has No Plans to Change OPEC+ Participation, Energy Ministry Says

The Astana Times provides news and information from Kazakhstan and around the world. ALMATY – Kazakhstan does not plan to change its format of participation in the OPEC+ alliance, the country’s Energy Ministry said on April 29, reaffirming its commitment to existing cooperation mechanisms. “At present, the question of changing the country’s participation format in the alliance is not on the agenda,” reads the ministry’s statement. The clarification… The post Kazakhstan Has No Plans to Change ...

By Fatima Kemelova

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Coverage Timeline

First report: express-tribune · 29 Apr, 07:27Full coverage: 36 · 11hWindow: 11h
Left-leaningCenterRight-leaning
express-tribune29 Apr, 07:27First to report

UAE reviewing multilateral ties after OPEC exit but rules out more departures, official says

2h later
astana-times29 Apr, 09:04

Kazakhstan Has No Plans to Change OPEC+ Participation, Energy Ministry Says

azernews29 Apr, 09:27

UAE withdrawal from OPEC and OPEC+ delivers major blow to global oil producers - AzerNews

dhaka-tribune29 Apr, 09:52

Bangladesh, UAE eye stronger trade ties - Dhaka Tribune

newsbeast29 Apr, 10:33

Η μεγάλη ρήξη στον OPEC+: Γιατί η έξοδος των Εμιράτων τρομάζει την αγορά – Τι θα συμβεί με τη συμμαχία

1h later
Daily Sabah29 Apr, 11:38

Russia to stay in OPEC+, hopes UAE move not end for group

bloomberg29 Apr, 12:10

Russia Says It Has No Plans to Leave OPEC+ After Shock UAE Exit - Bloomberg.com

danas29 Apr, 12:35

Ujedinjeni Arapski Emirati 1. maja napuštaju OPEC: Šamar u lice arapskim susedima i podrška Trampu

geo-news29 Apr, 12:36

UAE reviewing multilateral ties after Opec exit but rules out more departures, says official - Geo News

die-presse29 Apr, 12:38

Den Emiraten reicht's: Ist das der Anfang vom Ende der Opec? [premium]

dutchnews29 Apr, 12:38

VVD MP Harry Bevers takes sick leave after leukaemia diagnosis

khaleej-times29 Apr, 12:56

1.6kg onion, grapes in Al Ain desert: How agriculture thrives in UAE - Khaleej Times

SCMP29 Apr, 13:00

Why China may benefit from the UAE’s Opec withdrawal amid Iran war oil crisis

Moscow Times29 Apr, 13:05

Kremlin Hopes OPEC+ Will Stand Firm Despite UAE Exit

hindustan-times29 Apr, 14:00

The UAE’s departure from OPEC may not break the cartel

nzz29 Apr, 14:17

KOMMENTAR - Endlich gute Nachrichten für Autofahrer: Die Opec verliert noch mehr Einfluss auf den Ölpreis

NPR29 Apr, 14:35

UAE OPEC

gulf-news29 Apr, 14:51

EDGE highlights growth in defence manufacturing at Make it in the Emirates 2026 - Gulf News

vijesti-me29 Apr, 14:55

Kremlj se nada da izlazak UAE ne znači kraj OPEK-a

The Week29 Apr, 14:58

UAE quits OPEC, eroding oil cartel’s leverage

straits-times29 Apr, 15:00

UAE’s OPEC exit : Shockwaves will be felt beyond oil prices - The Straits Times

naftemporiki29 Apr, 15:03

Πώς ο πόλεμος στο Ιράν έσπρωξε τα Εμιράτα στην έξοδο από τον ΟΠΕΚ – Ποιες έξοδοι θα ακολουθήσουν

china-daily29 Apr, 15:16

UAE exits oil groupings, eyes more output - China Daily

hvg29 Apr, 15:30

Mit jelenthet a világra nézve, hogy az Emírségek váratlanul kilépett az OPEC-ből?

klix-ba29 Apr, 15:40

Šta za vozače u Evropi znači prekid saradnje Emirata s OPEC-om?

BBC29 Apr, 16:37

In five charts - How UAE's exit could affect Opec's influence over the oil price

de-volkskrant29 Apr, 16:44

De macht van oliekartel Opec was al geslonken. Is het vertrek van de Emiraten de doodsteek?

jutarnji-list29 Apr, 16:57

Naftni kartel u najgoroj je krizi ikad, bruji se o oštrom napadu na sastanku u Jeddahu: ‘Iznenadili ste me!‘

luxemburger-wort29 Apr, 17:00

Wie sich die Allianzen auf der arabischen Halbinsel neu sortieren

FT29 Apr, 17:13

The twilight of Opec

national-uae29 Apr, 17:26

UAE exit leaves Opec facing more rivals with limited buffers - The National

Yahoo29 Apr, 17:41

OPEC+ set to agree another oil output hike without UAE, sources say

Al Jazeera29 Apr, 17:47

UAE quits OPEC: What that means for the Gulf, energy markets and beyond

Reuters29 Apr, 17:52

Russia to remain in OPEC+, hopes UAE exit does not spell end of group - Reuters

The Guardian29 Apr, 18:00

The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high | Editorial

ndtv29 Apr, 18:16Latest update

Trade, Economy, Investment: How UAE's OPEC Exit Will Affect Saudi Relations