LBCI

Russia says OPEC+ will continue after UAE exit, no price war expected

World News

30-04-2026 | 03:12

Share

Share

Russia says OPEC+ will continue after UAE exit, no price war expected

Russia's Deputy Prime Minister Alexander Novak said on Thursday that the OPEC+ group of leading oil producers would continue working together despite the departure of the United Arab Emirates, Russian news agencies reported.

According to the reports, ⁠Novak said he did not expect an oil price war to emerge following the UAE's exit given a global oil deficit.

The UAE said on Tuesday it was quitting OPEC, dealing a blow to the oil producers' group as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations.

The UAE was the fourth-largest producer in OPEC+, which comprises OPEC and its allies, ⁠while Russia is second, behind Saudi Arabia.

Reuters

World News

Russia

OPEC+

UAE

Exit

Price

War

Next

Vessel carrying grain Ukraine says stolen by Russia won't unload in Israel: Media

Powell says decision to stay on at Fed for a time reflects his concern over legal attacks

Previous

Recommended For You

France slams 'act of intimidation' against two of its diplomats in Iran

11:42

France slams 'act of intimidation' against two of its diplomats in Iran

Italy says Russia expelled Italian military attache 'without cause'

10:48

Italy says Russia expelled Italian military attache 'without cause'

Cuba has infiltrated highest levels of US government: State Dept

08:44

Cuba has infiltrated highest levels of US government: State Dept

New PM Burnham vows '10-year plan' for Britain

08:26

New PM Burnham vows '10-year plan' for Britain

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

US State Department official says Lebanon-Israel talks held in ‘very positive’ atmosphere

2026-05-15

US State Department official says Lebanon-Israel talks held in ‘very positive’ atmosphere

Israeli shells hit UN forces base in southern Lebanon

2026-03-13

Israeli shells hit UN forces base in southern Lebanon

Lebanon’s Justice Minister: Armed men reportedly linked to Hezbollah harass journalists near Al-Kafaat

2026-03-08

Lebanon’s Justice Minister: Armed men reportedly linked to Hezbollah harass journalists near Al-Kafaat

Syrian president cancels Germany visit, Merz meeting

Middle East News

2026-01-19

Syrian president cancels Germany visit, Merz meeting

Videos

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

12:09

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Rene Mouawad Airport in Qlayaat opening ceremony held in presence of Lebanese officials—Video

2026-06-06

Rene Mouawad Airport in Qlayaat opening ceremony held in presence of Lebanese officials—Video

Israeli army releases footage of first tank crossing Litani River toward Beaufort Castle

2026-05-31

Israeli army releases footage of first tank crossing Litani River toward Beaufort Castle

Most read

24 hours

7 days

Month

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

1

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Israeli army to pull out of southern Lebanon pilot zones Tuesday: Axios

2

Israeli army to pull out of southern Lebanon pilot zones Tuesday: Axios

US State Department: Pilot zone operations began in the villages of Froun, Srifa, and Zawtar El Gharbiyeh

3

US State Department: Pilot zone operations began in the villages of Froun, Srifa, and Zawtar El Gharbiyeh

Israel raises alert to highest level as Iranian missiles near strategic sites

4

Israel raises alert to highest level as Iranian missiles near strategic sites

Saudi Crown Prince and Lebanese President discuss regional developments in phone call

5

Saudi Crown Prince and Lebanese President discuss regional developments in phone call

Cuba has infiltrated highest levels of US government: State Dept

6

Cuba has infiltrated highest levels of US government: State Dept

Yemen's Iran-backed Houthis announce maritime blockade of Saudi Arabia

7

Yemen's Iran-backed Houthis announce maritime blockade of Saudi Arabia

Plane carrying Spain's World Cup winning team lands in Madrid: AFP

8

Plane carrying Spain's World Cup winning team lands in Madrid: AFP

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More