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Business / Energy

UAE to withdraw from OPEC, OPEC+: state media

Published: 28 Apr 2026 - 03:54 pm | Last Updated: 28 Apr 2026 - 03:54 pm
Peninsula

AFP

Dubai: The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels on May 1, state media said on Tuesday, calling it a strategic decision by the major producer.
"This decision reflects the UAE's long-term strategic and economic vision and evolving energy profile," the official WAM news agency said.