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Russia Oil

An oil tanker at sea, illustrating how Russia’s continued role in OPEC+ and the UAE’s exit are testing producer discipline in global oil markets. Photo: Shaah Shahidh / Unsplash.
Posted inMarkets

Russia Stays With OPEC+ as UAE Exit Tests Oil Market Discipline

by Oguz BuyukyildirimApril 29, 2026April 29, 2026

Russia will stay inside OPEC+ after the United Arab Emirates said it would leave OPEC and the wider producer alliance on May 1, keeping Moscow tied to the world’s main oil-supply coordination system at a sensitive moment for energy markets. Kremlin spokesman Dmitry Peskov said the OPEC+ format still helps reduce volatility and stabilize markets, […]

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