The United Arab Emirates (UAE) says it is pulling out of an international oil-producers' group called OPEC. It comes amid the fuel crisis sparked by the Iran war and subsequent blockades of the major ...

The UAE’s decision to withdraw is based on its long-term strategic and economic vision and evolving energy profile ...

Asharq Al Awsat All eyes turn Sunday to a series of intensive and simultaneous ministerial meetings of the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance. These ...

The UAE's departure from OPEC could trigger a domino effect, experts say, potentially leading to lower gasoline prices within ...

The United Arab Emirates announced that it will leave OPEC effective May 1. The departure will weaken OPEC’s leverage over global oil supplies and prices. Meanwhile, the average price of regular gas ...

The United Arab Emirates' plan to ditch the oil producers' group Opec and strike out alone is being viewed as a huge blow for the organisation, with one analyst describing it as "the beginning of the ...

Oil is once again making headlines. This week, the United Arab Emirates (UAE) made the shock decision to leave the Organisation of the Petroleum Exporting Countries (OPEC). OPEC is network of ...