Tuesday, Apr 28, 2026

"oil-producers"

UAE to exit OPEC from May 1 amid rising tensions with Saudi Arabia

Saudi Arabia remains an OPEC heavyweight despite waning influence, as rivalry with the UAE deepens over economic interests and regional politics, particularly in the Red Sea region
New Year OPEC+ meeting to decide production levels

The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.

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