UAE to exit OPEC and OPEC+ starting May 1
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/14/2026
- Wall Street tumbles as hot inflation data feeds worries about Fed rate hikes
- Oil prices gain on attacks in Saudi Arabia, Iran's new tactics to target tankers
- U.S. consumer prices rise by 3.7% year-on-year in September
- Bank of America stock falls on earnings miss
- Netflix cuts 1,000 jobs as streaming giant seeks to boost engagement
Tweet
Share
E-mail
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
- Fed Beige Book: Majority Of Districts Reported Some Growth
- Perella Weinberg and Piper Sandler end merger talks - FT
- GlobalFoundries sees approximately $3 billion in adjusted free cash flow from the deal over 10 years, EPS accretion
Create E-mail Alert Related Categories
Commodities, General News, InvestingRelated Entities
OPEC, Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
