The United Arab Emirates - a leading producer of crude oil - has decided to quit the Organization of Petroleum Exporting Countries. Here's why and what may happen next.

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.

The United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking questions on who else could follow.

The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices.

The United Arab Emirates will leave OPEC, a decades-old cartel of the world’s top oil exporters, delivering a shock that will ripple through global oil markets at a time of unprecedented turmoil ...

The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.

Middle East oil output is set for a sharp rebound in 2027, with Iraq leading at 34.1% growth, as producers race to restore ...

LONDON, April 28 (Reuters) - OPEC and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May 1, but the rest of the producer alliance is ...

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produ ...

Saudi Arabia, Russia, and five other OPEC members increased their oil production quota by 188,000 barrels per day, despite ...

The United Arab Emirates' plan to ditch the oil producers' group Opec and strike out alone is being viewed as a huge blow for the organisation, with one analyst describing it as "the beginning of the ...

The UAE has exited OPEC after nearly 60 years, aiming to increase oil production and invest ahead of the global shift away ...