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"path": "/story/26/04/28/1622229/uae-to-leave-opec-amid-hormuz-oil-crisis?utm_source=rss1.0mainlinkanon&utm_medium=feed",
"publishedAt": "2026-04-28T17:19:52.051Z",
"site": "https://news.slashdot.org",
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"textContent": "fjo3 writes: The United Arab Emirates announced Tuesday that it would exit the Organization of the Petroleum Exporting Countries (source paywalled; alternative source), or OPEC, along with the wider group of partners known as OPEC+, effective May 1, in what could be a blow to control over prices by the group, long led in practice by Saudi Arabia. The move \"reflects the UAE's long-term strategic and economic vision and evolving energy profile\" read an official statement carried by a UAE state news agency, as disruptions \"in the Strait of Hormuz continues to affect supply dynamics.\" [...] The UAE is the second Persian Gulf country to leave the group after Qatar terminated its membership in 2019. The UAE has been a member of OPEC since 1971. The latest departure leaves in place 11 core members: Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia and Venezuela.\n\nRead more of this story at Slashdot.",
"title": "UAE To Leave OPEC Amid Hormuz Oil Crisis",
"updatedAt": "2026-04-28T17:00:00.000Z"
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