An ADNOC Gas facility, a subsidiary of the Abu Dhabi National Oil Company. The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967.
Photo: AFP / Ryan Lim
The United Arab Emirates’ decision to quit the OPEC and OPEC+ groups of major oil-producing countries is a “radical move”, a New Zealand energy expert says.
The UAE surprised markets on Wednesday by announcing it was leaving the groups from the start of May.
It has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the…
