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UAE announces exit from OPEC effective May 1, weakening the oil cartel's grip on global markets
April 30, 2026
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The United Arab Emirates announced Tuesday that it will leave OPEC effective May 1, abandoning the oil cartel it joined nearly six decades ago and dealing a serious blow to the group's ability to manage global crude supply and prices. The move, disclosed through the UAE's state-run WAM news agency, also extends to the broader [] The post UAE announces exit from OPEC effective May 1, weakening the oil cartel's grip on global markets appeared first on Conservative Institute.
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