Countries including Qatar, Ecuador and Angola have left OPEC in past years. "While the UAE has left OPEC, they were not the first and may not be the last": Andy Lipow, president of Lipow Oil ...

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

The United Arab Emirates' plan to ditch the oil producers' group Opec and strike out alone is being viewed as a huge blow for the organisation, with one analyst describing it as "the beginning of the ...

The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produ ...

The UAE is withdrawing from OPEC starting next month. The move will enable the UAE to grow its production without restriction. U.S. oil companies ExxonMobil and Occidental Petroleum could benefit as ...

The UAE announced it is quitting OPEC after 59 years, a move experts say could boost oil production and ultimately lower global energy prices.

Saudi Arabia, Russia, and five other OPEC members increased their oil production quota by 188,000 barrels per day, despite ...

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 - a leading producer of crude oil - has decided to quit the Organization of Petroleum Exporting Countries. Here's why and what may happen next.

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 ...

An energy trader explains why the UAE’s withdrawal marks a major fragmentation of the world order.