🚨 Loading... Read More

Euronews • April 29, 2026 08:50

Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Political Leaning Analysis

Left Center Right

Score: 0.02 • Center / Neutral

Oil markets are navigating a period of unprecedented volatility after the UAE announced its withdrawal from OPEC and the OPEC+.

Story Timeline

Tue 11:50 - ANSA Mondo

Merz towards Security Council on energy costs, meetings begin

Tue 12:00 - UN News All

As Colombia elections near, Security Council hears calls for calm

Wed 12:00 - UN News All

SECURITY COUNCIL LIVE: Regional war threatens Syria’s fragile transition

Wed 12:00 - UN News All

Libya: UN mission chief laments lack of progress towards national renewal

Thu 12:00 - UN News All

SECURITY COUNCIL LIVE: Update on Haiti as humanitarian crisis continues alongside gang violence

Fri 14:58 - Euronews

Why investment in Caspian transit routes is crucial for energy security

Sat 12:00 - UN News Global

Renewables rising, Part 1: How four countries are reshaping energy security

Sun 12:00 - UN News All

Renewables rising, Part 2: Seeking stability amid volatile fossil fuel markets

Mon 07:23 - Euronews

Nuclear, renewables, and green hydrogen: Is the EU betting on the right energy mix?

Mon 17:06 - Euronews

Caspian and Central Asian oil markets recalibrate amid trade shifts

Tue 05:00 - Euronews

Spain, France, Portugal: Renewables race heats up as governments scramble to keep energy bills down

Tue 06:00 - Euronews

EU energy mix: Crisis pushes balance on nuclear, renewables and security

Tue 12:16 - Al Jazeera English

Australia’s top diplomat visits China to talk energy security

Tue 12:39 - Washington Examiner

United Arab Emirates quits OPEC alliance

Tue 12:58 - DW All

UAE quits OPEC in shock move amid energy turmoil

Tue 12:58 - DW Top

UAE quits OPEC in shock move amid energy turmoil

Tue 12:58 - DW World

UAE quits OPEC in shock move amid energy turmoil

Tue 13:21 - Sky News (UK)

Fresh oil shock as UAE exits Saudi-controlled cartels

Tue 16:19 - Al Jazeera English

UAE leaves OPEC in blow to oil cartel amid war on Iran

Tue 16:22 - Middle East Eye

UAE says Opec exit aligns with long-term energy strategy

Tue 17:43 - Al-Monitor

UAE’s OPEC exit rattles cartel as Gulf alliances shift

Tue 20:18 - France 24

UAE pulls out of OPEC oil cartels citing 'national interests'

Tue 22:50 - PBS Newshour

How the UAE's departure from OPEC could impact oil markets

Wed 03:06 - Al Jazeera English

UAE quits OPEC as oil cartel takes blow during war on Iran

Wed 08:50 - Euronews

Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Wed 09:24 - France 24

Why is the UAE choosing to leave OPEC?

Different Perspectives

ANSA Mondo

1 article

▼

11:50

Merz towards Security Council on energy costs, meetings begin

Ministro Economia vede oggi i rappresentanti del settore aeronautico, domani la riunione

Al Jazeera English

3 articles

▼

03:06

UAE quits OPEC as oil cartel takes blow during war on Iran

The UAE’s decision to quit OPEC to prioritise its ‘national interests’ deals a blow to the oil group.

16:19

UAE leaves OPEC in blow to oil cartel amid war on Iran

The United ‌Arab Emirates has announced it’s withdrawing from OPEC and OPEC+.

12:16

Australia’s top diplomat visits China to talk energy security

Australia’s top diplomat visits China to talk energy security

Al-Monitor

1 article

▼

17:43

UAE’s OPEC exit rattles cartel as Gulf alliances shift

OPEC's fourth-largest producer will leave the cartel on May 1, marking the most significant departure in the group’s history as the war changes Abu Dhabi's relationship priorities.

DW All

1 article

▼

12:58

UAE quits OPEC in shock move amid energy turmoil

The United Arab Emirates is withdrawing from the OPEC and OPEC+ oil cartels as the Iran war drives a historic energy shock and rattles the global economy.

DW Top

1 article

▼

12:58

UAE quits OPEC in shock move amid energy turmoil

The United Arab Emirates is withdrawing from the OPEC and OPEC+ oil cartels as the Iran war drives a historic energy shock and rattles the global economy.

DW World

1 article

▼

12:58

UAE quits OPEC in shock move amid energy turmoil

The United Arab Emirates is withdrawing from the OPEC and OPEC+ oil cartels as the Iran war drives a historic energy shock and rattles the global economy.

Euronews

5 articles

▼

06:00

EU energy mix: Crisis pushes balance on nuclear, renewables and security

The EU is pivoting back to nuclear after decades of hesitation, driven by the dual shock of the energy crisis and the realisation that renewables alone can't power a heavy …

05:00

Spain, France, Portugal: Renewables race heats up as governments scramble to keep energy bills down

"As long as we depend on oil and gas, we will continue to pay the price of other people's wars,” said French Prime Minister Sebastien Lecornu.

17:06

Caspian and Central Asian oil markets recalibrate amid trade shifts

The oil sector in the South Caucasus and Central Asia is shifting towards more flexible trading strategies as volatile markets and Asia-led demand reshape global energy flows.

07:23

Nuclear, renewables, and green hydrogen: Is the EU betting on the right energy mix?

Europe's energy security has been severely hit by the closure of the Strait of Hormuz. The Iran war halted tanker traffic in early March 2026, so flows of Qatari and …

14:58

Why investment in Caspian transit routes is crucial for energy security

As old energy routes buckle under the pressure of war and geopolitical disruption, governments and companies are converging on the Caspian region as the corridor that could keep Eurasia's energy …

France 24

2 articles

▼

09:24

Why is the UAE choosing to leave OPEC?

OPEC faces a double crisis as it manages both the energy shock caused by the closure of the Strait of Hormuz, and the departure of the UAE. Also in this …

20:18

UAE pulls out of OPEC oil cartels citing 'national interests'

The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on "national interests", it announced on Tuesday, causing fresh shockwaves as energy prices soar over …

Middle East Eye

1 article

▼

16:22

UAE says Opec exit aligns with long-term energy strategy

UAE says Opec exit aligns with long-term energy strategy Sultan Al Jaber, the UAE Minister of Industry and Advanced Technology and managing director of Adnoc, said his country’s decision to …

PBS Newshour

1 article

▼

22:50

How the UAE's departure from OPEC could impact oil markets

There seems to be little movement on the resumption of talks between the U.S. and Iran. There is also almost no movement through the Strait of Hormuz, the vital bottleneck …

Sky News (UK)

1 article

▼

13:21

Fresh oil shock as UAE exits Saudi-controlled cartels

The United Arab Emirates (UAE) has said it is to leave the OPEC and OPEC+ cartels of oil-producing nations, potentially threatening greater turbulence for global energy markets ahead.

UN News All

5 articles

▼

12:00

Renewables rising, Part 2: Seeking stability amid volatile fossil fuel markets

As global energy markets remain volatile and the price of oil high due to instability and conflict in the Middle East, more countries are looking at investing in renewables to …

12:00

SECURITY COUNCIL LIVE: Update on Haiti as humanitarian crisis continues alongside gang violence

The Security Council is addressing the deepening crisis in Haiti on Thursday, centered on the Secretary-General’s latest report which highlights a security landscape of both intensified enforcement and rising civilian …

12:00

SECURITY COUNCIL LIVE: Regional war threatens Syria’s fragile transition

The Security Council is meeting now at a critical juncture for Syria’s fragile transition. While the Iran-US ceasefire has temporarily eased regional spillover from Lebanon and elsewhere, conditions remain volatile …

12:00

Libya: UN mission chief laments lack of progress towards national renewal

Libya’s political leaders continue to lag in implementing a roadmap that leads to national elections and unified institutions, the UN Special Representative for the country told the Security Council on …

12:00

As Colombia elections near, Security Council hears calls for calm

While hope for peace is alive in Colombia as the country prepares for presidential elections, the Security Council on Tuesday heard that achieving it – and making it last – …

UN News Global

1 article

▼

12:00

Renewables rising, Part 1: How four countries are reshaping energy security

The ongoing insecurity in the Middle East, where a large proportion of the world’s oil and gas is extracted, is forcing many countries to focus on how they can ensure …

Washington Examiner

1 article

▼

12:39

United Arab Emirates quits OPEC alliance

The United Arab Emirates said on Tuesday it is exiting OPEC and the broader OPEC+ as of May 1, marking a major loss for the oil-producing bloc as global energy …