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

Chinese FM to visit Denmark, Sweden, Finland, Norway

03:20

Chinese FM to visit Denmark, Sweden, Finland, Norway

South Korean President: All but two of country’s vessels have left Strait of Hormuz

01:14

South Korean President: All but two of country’s vessels have left Strait of Hormuz

At least 1,719 dead in Venezuela quakes: New official toll

14:16

At least 1,719 dead in Venezuela quakes: New official toll

US Supreme Court blocks Trump's firing of Fed governor in blow to White House

10:38

US Supreme Court blocks Trump's firing of Fed governor in blow to White House

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Israeli army issues evacuation warning for Deir Aames residents in southern Lebanon

2026-04-24

Israeli army issues evacuation warning for Deir Aames residents in southern Lebanon

Iran has agreed to invite IAEA inspectors back into country: Vance

2026-06-22

Iran has agreed to invite IAEA inspectors back into country: Vance

Iran parliament speaker warns Trump 'whole region going to burn'

Middle East News

2026-04-05

Iran parliament speaker warns Trump 'whole region going to burn'

Saudi Arabia reaffirms support and confidence in President Aoun, stresses commitment to Lebanon’s core principles

2026-04-25

Saudi Arabia reaffirms support and confidence in President Aoun, stresses commitment to Lebanon’s core principles

Videos

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

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

Most read

24 hours

7 days

Month

A shifting battlefield: Israel’s evolving rules of engagement in Lebanon

1

A shifting battlefield: Israel’s evolving rules of engagement in Lebanon

Hiba Nasr shares security annex to framework agreement between Lebanon and Israel

2

Hiba Nasr shares security annex to framework agreement between Lebanon and Israel

President Aoun, US CENTCOM commander discuss preparations for implementing framework agreement

3

President Aoun, US CENTCOM commander discuss preparations for implementing framework agreement

Fuel prices decrease across Lebanon

4

Fuel prices decrease across Lebanon

Lebanese Army commander, US CENTCOM chief discuss security annex to framework agreement

5

Lebanese Army commander, US CENTCOM chief discuss security annex to framework agreement

Haaretz: Israeli military identifies three south Lebanon villages for potential withdrawal

6

Haaretz: Israeli military identifies three south Lebanon villages for potential withdrawal

Lebanese Social Affairs Minister: 40% of displaced people have returned home

7

Lebanese Social Affairs Minister: 40% of displaced people have returned home

President Aoun discusses security, post-framework agreement tasks with Army chief

8

President Aoun discusses security, post-framework agreement tasks with Army chief

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