Special Report Spotlight What is OPEC+ and how does it affect oil prices? Ahmad Ghaddar and Yousef Saba Reuters Apr 29, 2026 Apr 29, 2026 Updated May 30, 2026 × Cover Media - Shareable The United Arab Emirates has announced it will leave OPEC starting May 1, marking a major shift in the global energy landscape. Prefer us on Google Learn More Facebook Twitter WhatsApp SMS Email Print Copy article link Save LONDON — The United Arab Emirates, one of OPEC+'s largest producers, will leave the oil producers' alliance on May 1, it said on Tuesday.kAm%96 ~C82?:K2E:@? @7 E96 !6EC@=6F> tIA@CE:?8 r@F?EC:6D 2?5 2==:6D[ :?4=F5:?8 #FDD:2[ 2C6 <?@H? 4@==64E:G6=J 2D ~!trZ] {2DE J62C[ E96 8C@FA AC@5F465 ?62C=J d_T @7 E96 H@C=5VD @:= 2?5 @:= =:BF:5D[ 244@C5:?8 E@ x?E6C?2E:@?2= t?6C8J p86?4J 6DE:>2E6D] %96 &pt :D E96 7@FCE9\=2C86DE AC@5F46C :? ~!trZ]k^AmkAmq6=@H 2C6 724ED 23@FE ~!trZ 2?5 :ED C@=6]k^Am A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28, 2024. 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E96 8=@32= 2==:2?46 @7 ~!trZ 2C6 C6AC6D6?E65 3J #FDD:2[ pK6C32:;2?[ z2K2<9DE2?[ q29C2:?[ qCF?6:[ |2=2JD:2[ |6I:4@[ ~>2?[ $@FE9 $F52?[ $F52? 2?5 qC2K:=[ H9:49 ;@:?65 :? 62C=J a_ad]k^Am Nation-world Trump unhappy with Iran's latest proposal to end the war Parisa Hafezi and Steve Holland Reuters Sources: Reuters News, World Economic Forum website, OPEC website, U.S. Department of State website, the International Energy Agency. Be the first to know Get local news delivered to your inbox! Sign up! * I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy. Related to this story America barely uses OPEC oil. Why are gas prices so high? The United States is less reliant on foreign oil than at times in the past. Why, then, have gasoline prices gone through the roof at America’s pumps? UAE Exits OPEC, Shaking Global Oil Power Balance The United Arab Emirates has announced it will leave OPEC starting May 1, marking a major shift in the global energy landscape. Watch Now: Related Video Attorney Ben Crump addresses police shooting of Corey Ruiz Corey Ruiz's mother Elsa speaks to reporters Corey Ruiz's mother Elsa speaks to reporters Attorney Ben Crump addresses police shooting of Corey Ruiz Attorney Ben Crump addresses police shooting of Corey Ruiz Corey Ruiz's mother Elsa speaks to reporters Corey Ruiz's mother Elsa speaks to reporters Watch Now: Related Video Attorney Ben Crump addresses police shooting of Corey Ruiz Corey Ruiz's mother Elsa speaks to reporters Corey Ruiz's mother Elsa speaks to reporters Attorney Ben Crump addresses police shooting of Corey Ruiz Attorney Ben Crump addresses police shooting of Corey Ruiz Corey Ruiz's mother Elsa speaks to reporters Corey Ruiz's mother Elsa speaks to reporters
Nation-world Trump unhappy with Iran's latest proposal to end the war Parisa Hafezi and Steve Holland Reuters
America barely uses OPEC oil. Why are gas prices so high? The United States is less reliant on foreign oil than at times in the past. Why, then, have gasoline prices gone through the roof at America’s pumps?
UAE Exits OPEC, Shaking Global Oil Power Balance The United Arab Emirates has announced it will leave OPEC starting May 1, marking a major shift in the global energy landscape.
