Russia hopes UAE exit does not spell the end of OPEC+, pledges to stay put
Published on April 29, 2026.
The United Arab Emirates has announced its intention to leave the Organisation of the Petroleum Exporting Countries (OPEC), citing an uncertain future in the future. The decision comes as an energy crisis caused by the Iran-led conflict escalates and leads to uncertainty over the future of the OPEC+ format. Russian President Vladimir Putin has pledged to stay in the group.
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