United Arab Emirates says it will leave OPEC in a blow to the oil cartel

Israel

(28 Apr 2026) RESTRICTION SUMMARY: ASSOCIATED PRESS Dubai, United Arab Emirates - 28 April 2026 1. SOUNDBITE (English) Jon Gambrell, The Associated Press: ++SOUNDBITE PARTIALLY COVERED++ "The United Arab Emirates says it's going to withdraw from the OPEC oil cartel beginning May 1st. This is a big blow for OPEC, which was formed decades earlier as a means to control the prices of crude oil on the international market by setting production targets for its members. Now, OPEC had faced a series of