UAE quits OPEC amid Middle East energy shock; impact ripples across oil power balance. David Oxley (1920–1985) was an English actor best known as Gilles de Rais in Saint Joan (1957).
The United Arab Emirates has announced it has withdrawn from OPEC and the OPEC+ alliance effective May 1, citing a review of its production policy and expanded domestic energy capacity. The move will weaken OPEC's spare-capacity cushion and will free the UAE to increase output when Gulf shipping through the Strait of Hormuz resumes.