Special Report Spotlight What is OPEC+ and how does it affect oil prices? Ahmad Ghaddar and Yousef Saba Reuters Apr 29, 2026 Apr 29, 2026 Updated Aug 4, 2026 0 Prefer us on Google Learn More Facebook Twitter Bluesky WhatsApp SMS Email Print Copy article link Save LONDON — The United Arab Emirates, one of OPEC+'s largest producers, will leave the oil producers' alliance on May 1, it said on Tuesday.kAm%96 ~C82?:K2E:@? @7 E96 !6EC@=6F> tIA@CE:?8 r@F?EC:6D 2?5 2==:6D[ :?4=F5:?8 #FDD:2[ 2C6 <?@H? 4@==64E:G6=J 2D ~!trZ] {2DE J62C[ E96 8C@FA AC@5F465 ?62C=J d_T @7 E96 H@C=5VD @:= 2?5 @:= =:BF:5D[ 244@C5:?8 E@ x?E6C?2E:@?2= t?6C8J p86?4J 6DE:>2E6D] %96 &pt :D E96 7@FCE9\=2C86DE AC@5F46C :? ~!trZ]k^AmkAmq6=@H 2C6 724ED 23@FE ~!trZ 2?5 :ED C@=6]k^Am A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28, 2024. Leonhard Foeger, Reuters k9am(92E 2C6 ~!tr 2?5 ~!trZnk^9am kAm~!tr H2D 7@F?565 :? `he_ :? q289525 3J xC2B[ xC2?[ zFH2:E[ '6?6KF6=2 2?5 $2F5: pC23:2 H:E9 E96 2:>D @7 4@@C5:?2E:?8 A6EC@=6F> A@=:4:6D 2?5 D64FC:?8 72:C 2?5 DE23=6 AC:46D] %@52J[ :E :?4=F56D `a 4@F?EC:6D[ >2:?=J 7C@> E96 |:55=6 t2DE] %96 &pt ;@:?65 :? `hef]k^Am People are also reading… Lexington residents can expect increase in utility bills starting Jan. 1 Wilcox-Hildreth makes school history in first state volleyball berth, sweeps S-E-M VOLLEYBALL: S-E-M earns bid to Class D2 District final, faces Wilcox-Hildreth for a fifth time Cozad upsets Pierce in first round of C1 football playoffs Edgewater Insurance to celebrate longtime agent Mary Reed’s retirement Senate candidate Dan Osborn addresses Tyson crisis Go Find It! Nebraska Commissioners vote against vacating Road 425 Gothenburg reverse sweeps Cozad, faces Kearney Catholic Tuesday in C1-7 subdistrict final $3,125 Nebraska Pick 4 winning ticket sold in Lexington Gothenburg shuts out Scotus in 1st round of C2 playoffs NSAA releases All-Class state volleyball brackets Mary Ann J. Rickertsen VOLLEYBALL: S-E-M wins in 5 over Brady, faces Wilcox-Hildreth Tuesday evening Lexington Regional Health Center hosts sensory-friendly trick-or-treat event kAm%96 &pt :D E96 7@FCE9 AC@5F46C E@ =62G6 E96 8C@FA :? C646?E J62CD[ 2?5 3J 72C E96 3:886DE] p?8@=2[ H9:49 ;@:?65 ~!tr :? a__f[ BF:E E96 3=@4 2E E96 DE2CE @7 a_ac[ 4:E:?8 5:D28C66>6?ED @G6C AC@5F4E:@? =6G6=D] t4F25@C BF:E ~!tr :? a_a_ 2?5 "2E2C :? a_`h]k^AmkAm%96 8C@FA AC@5F465 @G6C 92=7 @7 8=@32= 4CF56 :? E96 `hf_D[ 244@C5:?8 E@ #6FE6CD 42=4F=2E:@?D[ 367@C6 E96 @?D6E @7 ?@?\~!tr DFAA=J D@FC46D DF49 2D E96 }@CE9 $62]k^Am kAmx? =2E6C 564256D[ ~!trVD D92C6 DE@@5 2E 36EH66? b_T 2?5 c_T[ 3FE C64@C5 @FEAFE 8C@HE9 7C@> C:G2=D DF49 2D E96 &?:E65 $E2E6D 92D DE625:=J 62E6? :?E@ E92E D92C6]k^Am kAmx? a_`e[ ~!tr D@F89E E@ C682:? :?7=F6?46 3J 7@C>:?8 2? 2==:2?46 H:E9 `_ ?@?\>6>36CD[ :?4=F5:?8 #FDD:2[ H9:49 :E 42==65 ~!trZ]k^Am kAmpD 2 C6DF=E[ :ED >2C<6E D92C6 :?4C62D65 E@ 2C@F?5 d`]`d >:==:@? 3A5[ @C ?62C=J d_T @7 8=@32= @:= 2?5 @:= =:BF:5D AC@5F4E:@?[ :? a_ad[ 244@C5:?8 E@ E96 x?E6C?2E:@?2= t?6C8J p86?4J] x? |2C49[ 2 >@?E9 :?E@ E96 xC2? H2C[ E92E D92C6 76== E@ 23@FE ccT]k^Am k9am&$\xC2? H2C C65F46D &pt AC@5F4E:@?k^9amkAmq67@C6 E96 DE2CE @7 E96 &]$]\xC2? H2C 2E E96 6?5 @7 u63CF2CJ[ E96 &pt H2D AC@5F4:?8 b]b >:==:@? 3A5 2?5 925 E96 42A24:EJ E@ AC@5F46 2D >F49 2D c]d\d]_ >:==:@? 3A5 @7 4CF56 2?5 @:= =:BF:5D]k^AmkAmxED :>A@CE2?46 :? ~!tr :? E96 A2DE :?4C62D65 3642FD6[ E@86E96C H:E9 =625:?8 ~!tr >6>36C $2F5: pC23:2[ :E 925 DA2C6 42A24:EJ E92E :E 4@F=5 255 E@ E96 >2C<6E :7 C6BF:C65]k^Am Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | YouTube | RSS Feed | Omny Studio | All Of Our Podcasts kAm%92E 92D 364@>6 24256>:4 D:?46 E96 F?AC64656?E65 @:= >2C<6E 5:DCFAE:@? 42FD65 3J E96 67764E:G6 4=@DFC6 @7 E96 $EC2:E @7 w@C>FK 5F6 E@ E96 xC2? H2C]k^Am kAmvF=7 ~!trZ 4CF56 @:= AC@5F4E:@? 76== 3J ?62C=J g >:==:@? 32CC6=D A6C 52J :? |2C49 G6CDFD u63CF2CJ 2D $2F5: pC23:2[ E96 &pt[ zFH2:E 2?5 xC2B 4FE @FEAFE[ 244@C5:?8 E@ ~!tr]k^AmkAm%96 4FED H6C6 ?646DD2CJ 3642FD6 E96J H6C6 =:>:E65 :? 9@H >F49 E96J 4@F=5 6IA@CE[ 2=E9@F89 3@E9 92G6 D@>6 23:=:EJ E@ 3JA2DD E96 $EC2:E @7 w@C>FK]k^Am kAm$2F5: pC23:2 92D 2 f >:==:@? 3A5 A:A6=:?6 E@ E96 #65 $62[ H9:=6 E96 &pt 42? 6IA@CE `]d\`]g >:==:@? 3A5 E9C@F89 2 A:A6=:?6 E@ E96 A@CE @7 uF;2:C29]k^Am k9am~!tr 2?5 8=@32= @:= AC:46Dk^9amkAm~!trZ D2JD :E 4FED 2?5 C2:D6D @:= AC@5F4E:@? E@ 32=2?46 E96 >2C<6ED]k^AmkAmxED 4C:E:4D D2J E96 8C@FA >2?:AF=2E6D AC:46D[ H9:49 ~!tr 56?:6D]k^AmkAmsFC:?8 E96 `hfb pC23\xDC26=: (2C[ pC23 >6>36CD @7 ~!tr :>A@D65 2? 6>32C8@ 282:?DE E96 &?:E65 $E2E6D :? C6E2=:2E:@? 7@C :ED 564:D:@? E@ C6DFAA=J E96 xDC26=: >:=:E2CJ[ 2D H6== 2D @E96C 4@F?EC:6D E92E DFAA@CE65 xDC26=] %96 6>32C8@ 32??65 A6EC@=6F> 6IA@CED E@ E9@D6 ?2E:@?D]k^Am kAm%96 @:= 6>32C8@ AC6DDFC65 2? 2=C625J DEC2:?65 &]$] 64@?@>J E92E 925 8C@H? 56A6?56?E @? :>A@CE65 @:=] ~:= AC:46D ;F>A65[ 42FD:?8 9:89 7F6= 4@DED 7@C 4@?DF>6CD 2?5 7F6= D9@CE286D] %96 6>32C8@ 2=D@ 3C@F89E E96 &?:E65 $E2E6D 2?5 @E96C 4@F?EC:6D E@ E96 3C:?< @7 2 8=@32= C646DD:@?]k^Am kAm&]$] !C6D:56?E s@?2=5 %CF>A 92D 244FD65 E96 @C82?:K2E:@? @7 QC:AA:?8 @77 E96 C6DE @7 E96 H@C=5Q 3J :?7=2E:?8 @:= AC:46D] %CF>A 92D 2=D@ =:?<65 &]$] >:=:E2CJ DFAA@CE E@ E96 vF=7 H:E9 @:= AC:46D[ D2J:?8 E92E H9:=6 E96 &]$] 5676?5D ~!tr >6>36CD[ E96J Q6IA=@:E E9:D 3J :>A@D:?8 9:89 @:= AC:46D]Qk^Am kAmw@H6G6C[ :E H2D %CF>A H9@ 96=A65 E@ 4@?G:?46 ~!trZ E@ 4FE @FEAFE :? a_a_ 5FC:?8 E96 r~'xs A2?56>:4 2D 4CF56 @:= AC:46D D=F>A65 2?5 &]$] @:= AC@5F46CD DF776C65]k^AmkAmx? a_ad[ ~!tr 4CF56 6IA@CED 244@F?E65 7@C 23@FE cfT @7 8=@32= 4CF56 D623@C?6 6IA@CED[ 244@C5:?8 E@ zA=6C] x? |2C49[ E92E D92C6 D9C2?< E@ bc]fT[ zA=6C 52E2 D9@H]k^Amk9am(9:49 4@F?EC:6D 2C6 ~!tr >6>36CDnk^9am kAm%96 4FCC6?E >6>36CD @7 ~!tr 2C6i $2F5: pC23:2[ &?:E65 pC23 t>:C2E6D[ zFH2:E[ xC2B[ xC2?[ p=86C:2[ {:3J2[ }:86C:2[ r@?8@[ tBF2E@C:2= vF:?62[ v23@? 2?5 '6?6KF6=2] %96 &pt D2:5 :E H@F=5 =62G6 E96 8C@FA @? |2J `]k^Am kAm}@?\~!tr 4@F?EC:6D :? E96 8=@32= 2==:2?46 @7 ~!trZ 2C6 C6AC6D6?E65 3J #FDD:2[ pK6C32:;2?[ z2K2<9DE2?[ q29C2:?[ qCF?6:[ |2=2JD:2[ |6I:4@[ ~>2?[ $@FE9 $F52?[ $F52? 2?5 qC2K:=[ H9:49 ;@:?65 :? 62C=J a_ad]k^Am Nation & World Trump unhappy with Iran's latest proposal to end the war Parisa Hafezi and Steve Holland Reuters Sources: Reuters News, World Economic Forum website, OPEC website, U.S. Department of State website, the International Energy Agency. 0 Comments Be the first to know Get local news delivered to your inbox! Sign up! * I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy. Related to this story America barely uses OPEC oil. Why are gas prices so high? The United States is less reliant on foreign oil than at times in the past. Why, then, have gasoline prices gone through the roof at America’s pumps? Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio | All Of Our Podcasts Recommended for you Watch Now: Related Video France: Student Protests Resume With School Blockades Across Country 2. Democrat Haley Stevens Endorses Republican Mike Rogers In Michigan Senate Race Democrat Haley Stevens Endorses Republican Mike Rogers In Michigan Senate Race How elections since 2016 may predict US midterm results How elections since 2016 may predict US midterm results Binance hit by 6.3 billion dollar crypto theft Binance hit by 6.3 billion dollar crypto theft
Nation & World Trump unhappy with Iran's latest proposal to end the war Parisa Hafezi and Steve Holland Reuters
America barely uses OPEC oil. Why are gas prices so high? The United States is less reliant on foreign oil than at times in the past. Why, then, have gasoline prices gone through the roof at America’s pumps?
