The United Arab Emirates said it was quitting OPEC, dealing a blow to the oil producers' group as an unprecedented energy crisis caused by the Iran...

The exit of the United Arab Emirates from OPEC and OPEC+ will deal a heavy blow to the groups at a time when the war in Iran has caused a historic energy shock.

The exit of the United Arab Emirates from OPEC and OPEC+ will deal a heavy blow to the groups at a time when the war in Iran has caused a historic energy shock.

The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on "national interests", a statement has said, a bombshell announcement as energy prices soar over the Middle East war.