President of Algeria: Saudi Arabia Is the Cornerstone of OPEC and the Withdrawal of the United Arab Emirates Is "No event."

diarioestrategia.cl

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Algeria's president, Abdelmayid Tebune, has downplayed the "no event" of UAE's withdrawal from OPEC and pointed to Saudi Arabia as the "main pillar" of the organisation of oil-exporting countries.

observalgerie.com

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On 1 May 2026, the United Arab Emirates formalized its departure from OPEC and OPEC+. This withdrawal, which follows years of disagreements over production quotas, redrafts the internal balances of the cartel. For Algeria, this recomposition coincides with a tense geopolitical context where its geographical position and discipline within the alliance take on a new value. The United Arab Emirates is not a secondary member of the Organization of P…

القدس العربي

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Algeria: Algerian President Abdul Majid Tbun said that Saudi Arabia is the main pillar of the Organization of Petroleum Exporting Countries (OPEC). On Saturday, the Algerian presidency published excerpts from the President ' s periodic interview with local media that will be broadcast tonight. In response to a question concerning the withdrawal of the United Arab Emirates from OPEC and OPEC+, he responded with one word: no event. [...]

Algérie Patriotique

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President Abdelmadjid Tebboune stated that the United Arab Emirates' withdrawal from OPEC and OPEC+ "is a non-event," asserting that Saudi Arabia is the pillar of the organization. The head of state was speaking at the periodic press conference, which will be broadcast this Saturday at 9:00 PM. He will address numerous topics, including the upcoming legislative elections, the role of women in politics, Pope Leo XIV's visit to Algeria, economic a…