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UAE quits Opec in big blow to global oil producers’ group

Agbi
April 29, 2026

The United Arab Emirates is leaving Opec and Opec+, it said on Tuesday, dealing a heavy blow to the oil-exporting groups and their de facto leader, Saudi Arabia, as the Iran war roils the global economy. The loss of the UAE, an Opec member for more than 50 years, could create disarray and weaken the […]

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