OPEC loses key member: Will the oil bloc survive

The UAE says its decision is driven by national interests as Middle East tensions disrupt energy markets The United Arab Emirates, one of the world's biggest oil exporters, has announced it will leave the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ on May 1. The move is seen by analysts as a serious setback for the group and its informal leader, Saudi Arabia.