Finance

U.A.E. quits OPEC: Here’s what it means for oil prices and the economy

The decision by the United Arab Emirates on Tuesday to quit the Organization of the Petroleum Exporting Countries is a sign the cartel is losing its grip on the ability to control the worldwide supply and price of oil.

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MarketWatch
April 28, 2026·1 min read
U.A.E. quits OPEC: Here’s what it means for oil prices and the economy

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The decision by the United Arab Emirates on Tuesday to quit the Organization of the Petroleum Exporting Countries is a sign the cartel is losing its grip on the ability to control the worldwide supply and price of oil.

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U.A.E. quits OPEC: Here’s what it means for oil prices and the economy

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