Source: Yahoo! Finance
“The United Arab Emirates, one of the world’s major oil producers, will leave the Organization of Petroleum Exporting Countries (OPEC/OPEC+) effective May 1, state news agency WAM said Tuesday morning. … The stunning move from Abu Dhabi is likely to deeply shake the oil alliance, which derives much of its power from a strong consensus and its ability to drive global oil prices through the production power of its members.” (04/28/26)