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UAE Exits OAPEC After Leaving OPEC and OPEC+
May 4, 2026
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The UAE has announced its departure from the Organization of Arab Petroleum Exporting Countries (OAPEC), Reuters reported, citing a statement from the intergovernmental alliance released on Sunday. OAPEC, founded in 1968 to strengthen cooperation among Arab oil exporters, does not set production policies for its members. The move follows the UAE’s surprise decision on April [] The post UAE Exits OAPEC After Leaving OPEC and OPEC+ first appeared on Egypt Oil Gas.
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