UAE To Leave OPEC In Days Amid Global Oil Crisis

By Matthew RobinsonUS News EditorShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.The United Arab Emirates has announced plans to leave the world's leading oil exporters group, the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, on May 1.The abrupt decision by the Gulf state - which had been a member of OPEC for six decades - reflects an intensified rivalry with Saudi Arabia and current pressures from the Iran war on Gulf countries exporting oil.

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