United Arab Emirates leaving OPEC, effective May 1
CNBC Television·2026-04-28 13:03
Breaking news. As Joe was mentioning, the United Arab Emirates saying that it will leave OPEC and OPEC plus as of May 1st. The country's energy minister telling Reuters that that decision was made after a careful look at its strategies.He said the UAE is doing this at the right time without hugely impacting markets because of constraints on the strait of Hormuz. Brian Sullivan joins us on the Squawk News Line. Brian, what are you hearing.>> Well, it's brand new. I mean this is breaking news right now and th ...