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International Business Times
International Business Times
Business
Demian Bio

UAE Announces It Will Leave OPEC As Of Next Month Amid Cool Relations With Other Members

The UAE announced it will leave the OPEC cartel and the OPEC+ group as of May 1. (Credit: AFP)

The United Arab Emirates announced it will leave the OPEC cartel and the wider OPEC+ group as of next month amid cooler relations with other members, particularly Saudi Arabia.

The Associated Press reported on Tuesday that the move had been rumored for a while as the UAE appeared to disagree with production restrictions decided by the group.

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