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UAE OPEC Departureactive

4 items active 12d ago tracked since 12d ago
The UAE will withdraw from OPEC and OPEC+ on Friday, citing national interests. The UAE states the decision will not change its commitment to market stability and cooperation. snippet refreshed 12d ago

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UAE pulls out of OPEC oil cartels citing 'national interests'
France 24 12d ago
The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on "national interests", it announced on Tuesday, causing fresh shockwaves as energy prices soar over the Middle East war. The UAE, one of the world's top oil producers, which has previously chafed at OPEC production quotas, will pull out on Friday, a statement carried by the official WAM news agency said. FRANCE 24's Camille Corcoran reports.
UAE’s withdrawal from OPEC may lead to growing oil supplies to market - newspaper
TASS 12d ago
According to the report, the announcement on the withdrawal of one of world’s largest oil producers from associations takes place in a "dramatic moment" when the world faces the severest energy crisis of the last decades
UAE to continue cooperating with partners in resources development — state agency
TASS 12d ago
The decision to withdraw "does not alter the UAE’s commitment to global market stability or its approach based on cooperation with producers and consumers"
UAE to quit global oil cartel OPEC, citing 'national interests'
France 24 12d ago
The United Arab Emirates announced on Tuesday it will quit the global oil cartel OPEC and OPEC+ to focus on "national interests" as energy prices continue to climb amid the ongoing Iran conflict.