Big win for Donald Trump, who has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices
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The United Arab Emirates has quit the Opec oil cartel in a heavy blow to the group and its de facto leader, Saudi Arabia, amid the global energy shock caused by the Iran war.
The stunning loss of the UAE, a longstanding Opec member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production quotas.
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Source link : https://www.theguardian.com/business/2026/apr/28/uae-quit-opec-oil-exporters-cartel-donald-trump
Author : Reuters
Publish date : 2026-04-28 12:59:00
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