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Tuesday, April 28, 2026
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Article The Guardian Business

UAE quits Opec in win for Trump as oil cartel weakened

The Guardian Business April 28, 2026 · 4:06 pm Read Original
Optimistic 25.6
−100 Bearish 0 +100 Bullish
UAE quits Opec in win for Trump as oil cartel weakened

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil pricesThe United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto leader, Saudi Arabia, as global energy markets contend with the biggest supply crisis in history.The shock loss of the UAE, Opec’s third-largest oil producer, is expected to weaken the group, which for decades has worked together to use its collective oil production to influence global oil market prices. Continue reading...

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Article Info
Source The Guardian Business
Published Apr 28, 2026 · 4:06 pm
Article ID fwuxs1i
Original URL Open source
Sentiment Signal
Optimistic 25.6
−100Neutral+100
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