Maritime Reader

MARITIMEINTELLIGENCEDAILY11 MAY 2026 MONDAY
GeneralHellenic Shipping News·6 days ago

UAE to exit OPEC: What is the potential impact on oil markets?

Hellenic Shipping News

The United Arab Emirates (UAE) has officially announced its withdrawal from OPEC, effective 1 May 2026. This historic shift follows longstanding friction over production targets and heightened regional tensions, says a UBS report.