The United Arab Emirates announced its intention to leave the OPEC and Opec+ alliances starting May 1st. This strategic move signals a desire for greater autonomy and control over the UAE's future production policy and global market commitment.

The United Arab Emirates announced on Tuesday that it will leave the Organization of the Petroleum Exporting Countries (Opec) and the wider Opec+ alliance effective May 1, a move that signals a push for greater control over its production strategy. The decision followed “a comprehensive review” of the country’s production policy and capacity, the Ministry of Infrastructure said in a statement, adding that it was based on national interests and a commitment to help meet global market...