Afghanistan, April 29 -- The UAE announces exit from OPEC+, a move that could reshape oil markets and deepen divisions among major producers.
Reuters reported that the United Arab Emirates said on Tuesday it will withdraw from the OPEC+, a move that could have significant implications for global oil markets.
Officials said the decision reflects a strategic shift in energy policy, with Energy Minister Suhail Mohamed Al Mazrouei describing it as a "sovereign and political choice" aligned with the country's future production plans.
Analysts warn the exit of a long-standing member could weaken cohesion within Organization of the Petroleum Exporting Countries and intensify disputes over production quotas and market strategy.
OPEC+-which incl...