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UAE leaves OPEC: Oil grouping's third-largest producer will depart on 1 May

04:54 Min

The UAE's decision to leave OPEC and the wider OPEC+ group takes effect Friday, leaving the oil cartel without its third-largest producer. Abu Dhabi announced its departure on Tuesday (28 April), after nearly 60 years as a member of OPEC. Blake Sifton reports.

The UAE's decision to leave OPEC and the wider OPEC+ group takes effect Friday, leaving the oil cartel without its third-largest producer. Abu Dhabi announced its departure on Tuesday (28 April), after nearly 60 years as a member of OPEC. Blake Sifton reports.

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