CNBC Daily Open: UAE leaves OPEC adrift
By Katie Foley
Published on April 29, 2026.
The United Arab Emirates' decision to leave OPEC is causing concern across global energy markets, potentially leading to further departures from the group. Other countries including Qatar, Ecuador, and Angola have previously left the group due to dissatisfaction with their quotas or shifting national priorities. The potential for further departures could make OPEC irrelevant as a cartel.
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