The shock decision by the United Arab Emirates to quit OPEC blindsided its partners of six decades.

The United Arab Emirates will withdraw from the OPEC (Organisation of the Petroleum Exporting Countries) and OPEC+ oil cartels to focus on "national interests", it announced on Tuesday (local time), c...

"The UAE withdrawal marks a significant shift for OPEC. Alongside Saudi Arabia, ​it is one of the few members with meaningful spare capacity - the mechanism ​through which the group exerts market infl...