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The UAE Just Walked Out of OPEC and the Cartel May Never Recover

April 30, 2026
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Fifty-nine years of membership, ended with a statement on a Tuesday and an effective date of Friday. The United Arab Emirates announced it will exit OPEC and OPEC+ on May 1, citing national interests, its evolving energy profile, and a long-term strategic vision that no longer aligns with the organization’s direction. The Energy Minister did [] The post The UAE Just Walked Out of OPEC and the Cartel May Never Recover appeared first on Modern Diplomacy.

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