Saudi Arabia and the UAE are drifting from partners to competitors. Oil, power and regional influence now lie at the heart of ...

The United Arab Emirates (UAE) announced on Tuesday that it is withdrawing from the Organization of the Petroleum Exporting ...

The United Arab Emirates is leaving OPEC to pump more oil on its own terms. The break strips Saudi Arabia of a key partner and adds to growing uncertainty over the cartel’s future.

Officials in the United Arab Emirates have framed their decision to quit the OPEC group of oil producing nations as an ...

By Andrew Mills, Rachna Uppal and Federico Maccioni Abu Dhabi, April 29 (Reuters) - The United Arab Emirates' withdrawal from ...

The UAE has been a member of the oil cartel since the country was founded in 1971, but in recent years, it has grown ...

The departure weakens the Organization of the Petroleum Exporting Countries, long criticized by Trump, as the global economy ...

The Gulf government has long complained about the group’s quotas, which officials believe unfairly limited its exports. Its ...

By leaving Opec amid the blockade of Hormuz, the UAE is positioning itself to be a long-term disruptor to Saudi-led energy ...

The UAE's departure from OPEC raises questions about the cartel's future and its influence on global oil markets. Analysts ...

Buy Brent crude oil futures. UAE leaving OPEC weakens cartel “shock absorbers,” making supply more fragmented and price more ...