Finance

UAE to Exit OPEC in May After Six Decades

The United Arab Emirates will leave OPEC and its wider alliance on May 1 as the global oil industry grapples with the massive supply disruption caused by the Iran war. Alaric Nightingale reports on Bloomberg Television. (Source: Bloomberg)

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Bloomberg
April 28, 2026·1 min read
UAE to Exit OPEC in May After Six Decades

Image: Bloomberg

The United Arab Emirates will leave OPEC and its wider alliance on May 1 as the global oil industry grapples with the massive supply disruption caused by the Iran war. Alaric Nightingale reports on Bloomberg Television. (Source: Bloomberg)

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UAE to Exit OPEC in May After Six Decades

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