The UAE's departure from OPEC could trigger a domino effect, experts say, potentially leading to lower gasoline prices within the next year or so.

Last month, the United Arab Emirates announced its withdrawal from Opec, threatening the once-mighty oil-producing group ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers.

Steven A. Cook is the Eni Enrico Mattei senior fellow for Middle East and Africa Studies at the Council on Foreign Relations. The United Arab Emirates (UAE) announced on Tuesday that it is withdrawing ...

The United Arab Emirates (UAE) shocked the world on Tuesday when it announced that it’d be leaving the world’s largest oil cartel this week. While there’s no immediate impact for the U.S., in the long ...

The UAE's exit from OPEC will undermine the cartel's ability to influence the oil market. This is because the UAE is second only to Saudi Arabia when it comes to spare production capacity, a crucial ...

In Nikolay Dudchenko's opinion, this decision will have a long-term negative impact on oil prices and lead to a reduction in OPEC+'s influence MOSCOW, April 28. /TASS/. The UAE's decision to exit OPEC ...

OPEC+ ministers are set to meet amid soaring oil prices driven by geopolitical tensions. Will their decisions affect fuel ...

For decades, the UAE has been part of the Organization of Petroleum Exporting Countries (OPEC), which has artificially limited global oil supplies and thereby put upward pressure on prices. Founded in ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major state-owned oil producers. The United Arab Emirates is quitting OPEC oil ...