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Russia stays in OPEC+ after UAE exit

April 30, 2026

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Financial Express Kochi

RUSSIA PLANS TO stay in OPEC+ despite a decision by the UAE to leave, the Kremlin said on Wednesday, expressing hope that the alliance of oil producers would continue to operate amid turmoil in the global energy market.

- DMITRY ANTONOV AND DARYA KORSUNSKAYA

The UAE said on Tuesday it would quit the Organization of the Petroleum Exporting Countries, dealing a blow to the group as an energy crisis triggered by the Iran war has exposed rifts among Gulf nations.

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