The United Arab Emirates announces it will leave OPEC effective May 1
The United Arab Emirates announced Tuesday it will exit OPEC and the broader OPEC+ coalition effective May 1, ending a membership that began in 1967. The UAE is OPEC's third-largest producer with a production capacity of approximately 4.8 million barrels per day but was capped at around 3.4 million under cartel quotas. The announcement came amid the ongoing Iran war that has disrupted Gulf energy supplies and strained UAE-Saudi relations.
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Divergence score
This event sits in the top 4% of divergence this week. 19 outlets covered it, splitting into 18 framing camps across 4 bias groups.
18 camps
4 bias groups
Market signalBETA
The spectrum · how 18 outlets placed this story
LeftCenterRight
Breitbart
Al Jazeera
The Guardian
BBC
Axios
AP News
CNN
Washington Examiner
ABC News
Washington Post
PBS NewsHour
Financial Times
The Hill
Wall Street Journal
Reuters
NY Post
NPR
New York Times
Supportive of action
Neutral
Dismissive
Critical
Alarmist
International angle
The split, in one line
Wire services focus on production qu...
How each outlet covered it
Breitbart Business Digest: Dollar Diplomacy and the Breaking of OPEC
The UAE's OPEC exit is not about oil; it is the end of Gulf solidarity
How the UAE's decision to leave Opec could recast the Middle East
Faisal Islam: Why the UAE's exit from Opec is a big deal
UAE leaves OPEC to pursue 'accelerated' production
United Arab Emirates says it will leave OPEC effective May 1
UAE to quit OPEC in blow to oil cartel as Iran war chokes energy sector
United Arab Emirates quits OPEC alliance
United Arab Emirates says it will leave OPEC
United Arab Emirates will leave OPEC in a blow to the oil cartel
How the UAE's departure from OPEC could impact oil markets
'The beginning of the end of Opec': can the oil cartel survive the UAE's exit?
UAE announces plans to leave OPEC: State media
U.A.E.'s OPEC Exit Deals Major Blow to Cartel Amid Middle East Oil Squeeze
Russia says UAE's exit from OPEC will increase global production, bring down oil prices in future
How the United Arab Emirates' shocking OPEC exit could drive down gas prices
The United Arab Emirates is quitting OPEC oil cartel after nearly 60 years
Loss of Emirates Further Weakens OPEC's Influence
Fact ledger · what actually happened, cross-checked