The UAE announced its exit from OPEC effective May 1, which may disrupt the balance in the oil market and lower prices, questioning the significance of the organization.

The UAE announced its exit from OPEC effective May 1, which may disrupt the balance in the oil market and lower prices, questioning the significance of the organization.

@rybar 29 Apr 2026, 07:34

The United Arab Emirates decided to leave OPEC due to dissatisfaction with the cartel's policies controlled by Saudi Arabia, which limited their ability to increase oil production amid the current geopolitical situation.

@meduzalive 29 Apr 2026, 06:31