United Arab Emirates says it will leave OPEC, a blow to the oil cartel

The United Arab Emirates announced that it will leave OPEC effective May 1, stripping the oil cartel of its third-largest ...

Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40 ...

What Is OPEC, and How Does It Operate?

The group of oil-producing countries supplied more than 25 percent of the world’s oil before the war in Iran. Its members ...

OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury

The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance ...

UAE quitting OPEC could affect Fed policy, market expert says

Calling it "one of the bigger headlines of the day," Brian Mulberry, chief market strategist at Zacks Investment Management, ...