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 ...

By Yousef Saba, Ahmad Ghaddar and Maha El Dahan May 1 (Reuters) - Saudi Energy Minister Prince Abdulaziz bin Salman now has ...

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 ...

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 ...

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