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The Latest Breaking News from UAE

Following UAE’s OPEC Exit Shock, Diamondback Energy Could Be the Smartest Bet Now

The UAE’s decision to exit OPEC/OPEC+ has injected new uncertainty into oil markets and pushed crude prices above $100 per barrel. Low-cost Permian operator Diamondback Energy may be positioned as one of the clearest near-term beneficiaries.

Barchart

Jonas Vingegaard the clear frontrunner, but who will emerge as his biggest challenger? – Analysing the favourites for the Giro d'Italia

Dane looks to become eighth man in history to win all three Grand Tours on the road from Bulgaria to Rome

Cycling News

Oil temporarily hits $126 wartime high as US–Iran standoff fuels supply fears

Oil markets face upward pressure on Thursday, with Brent crude briefly touching $126 as markets price in tensions in the negotiations between the US and Iran.

Euronews

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UAE announces petrol, diesel prices for May 2026 as fuel rates jump by up to 10% across Emirates

UAE motorists will face higher fuel costs in May 2026 as petrol prices see another significant increase. This marks the third consecutive monthly hike, driven by global oil market instability and geopolitical tensions. The latest revisions mean higher expenses for daily commutes and businesses reliant on transportation.

The Times of India

Katie Price Sparks Backlash After Promoting CBD in Dubai — Despite UAE Ban on Cannabis Products

Katie Price faces criticism for promoting CBD oil in Dubai, where cannabis-derived substances are strictly regulated. The online reaction highlights legal concerns and influencer responsibilities.

International Business Times UK

What is OPEC and how does it shape global oil markets?

Oil is once again making headlines.

The Conversation

What could the UAE’s exit from OPEC mean for oil markets and the climate?

The world's third-largest oil producer has the capacity to increase its output by almost 50 per cent, according to industry estimates.

Euronews

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The UAE is leaving the OPEC oil cartel. What could that mean for oil prices?

The United Arab Emirates (UAE) has announced that on May 1, it will leave both the Organization of the Petroleum Exporting Countries (OPEC) and the larger OPEC+ group. By withdrawing, the UAE will now be able to independently decide how much oil it produces and sells.

The Conversation

The Guardian view on the UAE quitting Opec: whatever importers pay, the price of fossil fuels is too high

Editorial: The world must accelerate the shift to renewables, regardless of the economic effects of Abu Dhabi’s decision

The Guardian - UK

UAE’s departure from Opec tells a story about the limited future of oil production

The decision by the United Arab Emirates to leave the oil producers’ cartel Opec after 59 years is more than a symbolic break. It highlights a growing divide among major oil producers over how to respond to a changing energy landscape, and will weaken the group’s ability to manage global…

The Conversation

Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+.

Euronews

‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC

The move didn’t surprise Hanke, who served on the UAE’s Financial Advisory Council from 2008 to 2014.

Fortune

OPEC: UAE Leaves OPEC — What This Means for the Global Oil Economy

OPEC faces uncertainty as UAE exit reports trigger concerns over oil supply stability and global economic ripple effects

International Business Times UK

Oil prices decline after UAE says it will exit Opec amid Iran war energy crisis

Asian stocks are mostly higher despite a retreat on Wall Street

The Independent UK

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The Independent UK

United Arab Emirates will leave OPEC in a blow to the oil cartel

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further weakening its leverage over global oil supplies and prices

The Conversation

UAE’s OPEC exit has been long in the works – and may mark the beginning of a Gulf realignment

The United Arab Emirates’ decision to withdraw from the Organization of Petroleum Exporting Countries will leave the oil cartel weakened at a crucial time. It also illustrates the ongoing tensions between the UAE and Saudi Arabia, OPEC’s largest producer and de facto leader.

The Guardian - AU

Morning Mail: UAE quits Opec oil cartel, Pauline Hanson tops political leader approval ratings, King Charles addresses Congress

Emirates shake global energy market with decision to leave Saudi-led group; Essential poll shows Pauline Hanson has highest leader approval ratings

International Business Times UK

What UAE's Shock OPEC Exit After Nearly Six Decades Means for Oil Prices and the World

The UAE's decision to leave OPEC by May 2026 signals a major shift in global oil markets, influenced by geopolitical tensions and strategic national interests.

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International Business Times

UAE Quits OPEC Effective May 1: 10 Key Facts on Shocking Exit

The United Arab Emirates announced Tuesday it will leave both OPEC and the broader OPEC+ alliance effective May 1, delivering a major blow to the oil producers' group and its de facto leader Saudi Arabia amid the ongoing Iran conflict that has severely disrupted Gulf energy exports.

The Independent UK

Decision by the UAE to leave OPEC shakes up alliance that influences oil prices worldwide

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe

The Guardian - UK

How the UAE’s decision to leave Opec could recast the Middle East

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region

Barchart

Why the Real Story Behind the UAE’s OPEC Exit is Petrodollar Diplomacy

With Emirati energy infrastructure taking hits from the Iran war, Treasury Secretary Bessent tries to stave off the ‘petroyuan’ era.

The Independent UK

What is Opec? UAE to leave major group of oil producers

IN FULL

Evening Standard

FTSE 100 edges higher but US tech stocks wobble

The index closed up 11.70 points at 10,332.79.

International Business Times UK

OPEC Suffers Stunning Blow as UAE Abandons Oil Cartel Following Strategic Pivot Toward Independent Production

The United Arab Emirates' exit from OPEC sparks claims of 'the beginning of the end' for the group, unfolding amid Iran War–driven turmoil and uncertainty in the global oil industry.

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