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UAE Exits OPEC, OPEC+ Amid Oil Shock
April 28, 2026
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The UAE announced on April 28 that it is withdrawing from both OPEC and OPEC+, a major setback for the oil producers’ alliance and its leading member, Saudi Arabia, according to Reuters. The decision comes amid the ongoing Iran war, which has triggered an energy shock and rattled global markets. As a long-standing Organization of [] The post UAE Exits OPEC, OPEC+ Amid Oil Shock first appeared on Egypt Oil Gas.
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