UAE to exit OPEC and OPEC+ starting May 1

Investing.com -- The United Arab Emirates will exit OPEC and OPEC+ starting May 1, according to state-run WAM news agency.

The UAE plans to boost oil production gradually following its departure from the oil producer groups, WAM reported.

The country’s exit from OPEC will help it meet changing demand, according to the news agency.

You May Also Be Interested In

• Lockheed Martin wins $2.8B in Defense contracts for F-35, helicopters
• Mineralys presents heart failure biomarker data for lorundrostat at ENDO 2026
• Venu Holding enters $250 million at-the-market stock offering agreement