The United Arab Emirates has left the Organization of Arab Petroleum Exporting Countries (OAPEC), a statement from the intergovernmental organization that is headquartered in Kuwait showed on Sunday. The statement follows UAE’s announcement on April 28 of its departure from the OPEC and OPEC+ producer groups, to prioritize boosting its own output. OAPEC was formed in 1968 with the aim of boosting cooperation among Arab oil exporters.
ADVERTISEMENT
Related Articles
Bangladesh Declares 7-Day Public Holiday For Eid Al-Adha
(MENAFN - The Peninsula) Xinhua Dhaka: The Bangladeshi government has declared a seven-day holiday for the upcoming Eid al-Adha, one of the two major celebrations in the country. The decision was ...
Menafn
May 11, 2026
The Breakaway Climate Conference Challenging the COP Process
Colombia and the Netherlands co-hosted the first Transitioning Away from Fossil Fuels Conference in the coastal city of Santa Marta in Colombia from April 24–29. Several state leaders praised the conference for its explicit focus on reducing reliance on fossil fuels and supporting a global green transition, particularly as the UN Framework Convention on Climate…
Oil Price
May 11, 2026
ADVERTISEMENT