CAMEO+ eventECONOMIC2026-04-29🇦🇪
UAE to withdraw from OPEC on May 1
source: United Arab Emirates -> target: OPEC
On 2026-04-29, the United Arab Emirates announced that it would withdraw from OPEC effective May 1, according to the state news agency WAM. The move was described as part of the UAE's long-term strategic and economic vision and was seen as a significant blow to OPEC and OPEC+ oil market coordination.
0.46Significance6.0Magnitude0.8Systemic0.9Market2Articles
Location
Abu DhabiMiddle EastUnited Arab EmiratesAsia24.454, 54.377
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