UAE exits another oil exporters’ group

The move comes just days after the Gulf nation broke with OPEC and OPEC+, citing the need to gain more flexibility over oil output

The United Arab Emirates has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), according to a statement posted by the group on X on Sunday.

The exit took effect on May 1 – the same day Abu Dhabi’s withdrawal from the Organization of the Petroleum Exporting Countries (OPEC)...