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ft_home apr 30, 2026

UAE withdrawal from Opec reopens rift with Saudi Arabia

UAE withdraws from OPEC, reopening rift with Saudi Arabia.

impact+0.70 sentiment-0.30 n=3
the uae has pulled out of opec, reopening a rift with saudi arabia that had been papered over during the iran war. the two gulf powers had presented a united front through that conflict, but the withdrawal signals the rivalry is back in the open. the move is a concrete break in what had been a coordinated oil strategy. the uae has been pushing for a higher production quota for years, arguing its capacity has grown faster than saudi arabia's. riyadh has resisted, preferring tighter supply to keep prices elevated. now abu dhabi is going its own way, at least formally.
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