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It earned a spot in my (very small) makeup bag.

From sweet spring scents to a line of designer dupes, here's the best gifts to shop at Bath & Body Works now.

The FBI raided 22 childcare centers in Minnesota Tuesday morning as part of a wide-ranging investigation of social services fraud.

The ultimate list of options for your leading lady.

'Quality Learing Center' And 20 Other Somali-Linked Businesses Raided By FBI, Homeland Security In Minnesota

Federal agents from the FBI and Homeland Security Investigations (HSI) executed court-authorized search warrants at more than 20 locations across the Minneapolis area early Tuesday morning, targeting businesses primarily linked to the Somali-American community as part of an ongoing criminal fraud investigation.

Fox News congressional correspondent Bill Melugin reported that the Department of Justice confirmed the operation to the network, stating it involves "court-authorized law enforcement activity as part of an ongoing fraud investigation." A separate DHS statement emphasized that HSI, working with federal, state, and local partners, carried out the warrants "relating to the rampant fraud of U.S. taxpayers dollars." Sources indicated approximately 22 warrants were served, explicitly tied to fraud schemes rather than immigration enforcement.

BREAKING: DOJ confirms to @FoxNews that FBI and HSI agents are currently raiding 20+ locations in the Minneapolis, MN area in relation to ongoing federal fraud investigations. Sources tell FOX the locations are largely Somali linked businesses, including the infamous "Quality…

— Bill Melugin (@BillMelugin_) April 28, 2026

One prominent target was the Quality Learning Center (aka "Quality Learing Center") on Nicollet Avenue. The site, which previously operated as Salama Child Care Center, received roughly $1.9 million in Minnesota Child Care Assistance Program funds in fiscal year 2025 alone. It gained national attention in late December 2025 after independent journalist Nick Shirley released a video showing the center appearing largely empty during business hours, with a prominently misspelled sign. Shirley alleged widespread "ghost" operations billing government programs for nonexistent services and children.

NEW: The Quality Learing Center in Minneapolis is now "trucking" in children after Nick Shirley's viral video, according to the New York Post.

The Post reports that the parking lot at the infamous Quality Learing Center is now "bustling with kids."

"We’ve never seen kids go… pic.twitter.com/K578UTvLXG

— Collin Rugg (@CollinRugg) December 30, 2025

The center voluntarily surrendered its state license in early January amid heightened scrutiny. It had a prior federal footprint: in May 2015, the same location was raided by the FBI and Minnesota DHS over allegations of billing state programs for non-existent children, leading to license revocation actions for safety violations.

A Pattern of Massive Fraud

Today’s raids continue a months-long federal surge into Minnesota’s social-services programs, which have been plagued by some of the largest fraud cases in recent U.S. history. The most notorious remains Feeding Our Future, a nonprofit that prosecutors say orchestrated a $250+ million scheme to steal federal child nutrition funds during the COVID-19 pandemic through fake meal sites, inflated attendance rosters, and money laundering. Dozens of defendants—predominantly Somali-American—have been charged, with multiple convictions and sentencings continuing into 2026.

Other active investigations include:

• Autism and early intervention (EIDBI) services fraud
• Housing Stabilization Services
• Integrated Community Supports
• Medicaid personal-care assistance schemes
• SNAP benefit trafficking (including "Operation Cold SNAP" raids in April 2026)

In January, Federal authorities reported issuing over 1,750 subpoenas, executing more than 130 search warrants, and interviewing over 1,000 witnesses across these cases.

Homeland Security Investigations @ICEGov are on the ground in Minneapolis right now conducting a massive investigation on childcare and other rampant fraud.

More coming. pic.twitter.com/0DhyKedSyu

— Secretary Kristi Noem (@EnvoyNoem) December 29, 2025

FBI Director Kash Patel publicly described the Minnesota situation as "the tip of a very large iceberg," prompting a surge of bureau resources to the state. DHS has conducted hundreds of door-to-door inspections under initiatives such as Operation Twin Shield.

Political and Community Context

Minnesota Governor Tim Walz and Attorney General Keith Ellison have faced sharp criticism from congressional Republicans and House Oversight committees for what critics call inadequate oversight of high-risk providers and slow state-level responses. State officials have countered that many centers serve legitimate low-income families (including large Somali-American populations) and that enforcement actions predate viral videos.

Rep. Ilhan Omar, whose district encompasses much of the affected Minneapolis area, has condemned the fraud as "reprehensible" while warning against broad stigmatization of the Somali community.

Her office has distanced itself from charged individuals, though some Republican lawmakers have pointed to past legislative efforts (such as expansions of child nutrition programs) and constituent ties as areas of scrutiny. No charges have been filed against Omar or her immediate family in these matters.

Somali community leaders have expressed concerns about economic fallout and reputational harm to legitimate businesses, while federal prosecutors stress that the investigations target criminal conduct and protect funds intended for vulnerable populations.

As of early Tuesday, no arrests or specific new charges from today’s warrants have been publicly detailed. More information is expected from the U.S. Attorney’s Office for the District of Minnesota, the FBI’s Minneapolis Field Office, and DHS. 

Tyler Durden Tue, 04/28/2026 - 09:50

Before his company’s epic bankruptcy, Ryan Kavanaugh pitched Hollywood that he could predict box office winners with his “Monte Carlo” algorithm. We all know how that turned out, but that hasn’t stopped other newcomers from trying to data-hack what actually hits box office gold.  The Cinelytic Group, a data and analytics company whose customers include Warner Bros. and...

Chaos, Black Rain, Evacuations: Tuapse Oil Facility Struck For Third Time This Month

Rosneft's sprawling oil refinery in southern port town of Tuapse has been struck by Ukrainian drones once again, unleashing a huge fire and significant destruction, in what marks the third such attack just this month.

"Another serious incident has occurred in Tuapse. A large-scale fire broke out at an oil refinery due to an enemy drone attack," Krasnodar region Governor Veniamin Kondratyev wrote on Telegram, amid large-scale evacuations of the civilian population from the area.

Tuapse disaster in wake of Ukrainian attack, via Wiki Commons

Regional aviation hubs in nearby Krasnodar, Gelendzhik, and Sochi were closed as a result of the blaze which sent a large black smoke plume into the air stretching for at least 100km, regional reports indicate.

"For the safety of residents living near the refinery, evacuations are underway. A temporary accommodation center has been set up at local School No. 6. I urge residents to follow all recommendations," the regional government statement continued.

According to Ukrainian media:

The Ukrainian monitoring Telegram channel CyberBoroshno reported that at least four tanks were burning at the refinery following the strike.

“If in previous attacks the tank farm was hit, this time the refinery itself was directly targeted… There is a possibility that the fire could spread to neighboring tanks,” the report said.

Reuters says that as a result of the several waves of attacks on Tuapse, operations at the plant have remained halted since April 16 - which was the first big strike of the month.

One is left wondering, what about Russian defensive measures and why have these failed so spectacularly? First, it should be noted that small drones have become efficient and their size advantage is seen in evading conventional radar and anti-air missiles, by and large. TASS only has this to offer by way of official statement:

"Intensive efforts are underway" to prevent Ukrainian strikes on Russian territory.

All details about targets hit by the Kiev regime are classified: "As for any information regarding targets hit as a result of strikes by the Kiev regime, the details are classified; we will not discuss them publicly at this time."

Measures to deal with the aftermath of the Ukrainian drone strike on the oil refinery in Tuapse are being taken "at an appropriate level."

The complex processes some 12 million metric tons of crude annually and remains a crucial and major export route for naphtha, fuel oil, and diesel.

Rusya'nın Tuapse Petrol Rafinerisi, düzenlenen dron saldırısı sonucu yeniden alev aldı. Görüntülerde, önceki saldırılardan sağlam kalan yeni depolama tanklarının isabet alarak patladığı görülüyor. pic.twitter.com/HLc61fGH8B

— The Bitig (@thebitig) April 28, 2026

The attacks have made parts of the sky black and the aftermath poses a safety risk for residents, also with reports of 'toxic rain' over the town, as the environmental situation spiraling - also with significant amounts of crude said to be leaking into the Black Sea.

Currently the globe's attention is largely focused on the Iran war and the Hormuz Strait blockade, and with that efforts to reach a political and peace settlement in Ukraine have faded as well.

Tyler Durden Tue, 04/28/2026 - 09:35

OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can't Be Paid

Earlier today, when previewing this week's earnings by the Mag 7 which account for over $10 trillion in market cap set to report Q1 results after the close on Wednesday, Goldman's Delta-One head Rich Privorotsky said that "Equities are being driven by one thing…AI spend", and warned that "it's hard not to respect the strength of the AI bid, but the velocity has been extreme. The upside surprise vs expectations has almost entirely come from AI spend…it’s the whole game." 

Not only is the whole game, it is the one thing that has prevented the market from collapsing into the Iran war's stagflationary black hole, with "oil/product prices is sucking the oxygen out of the room...Europe underperforming, dispersion extreme." 

But none of that matters as long as capex recipients, i.e., chip and semi stocks, keep surging on hopes and expectations that the LLMs and hyperscalers will keep pumping them full of cash day after day, for the unforeseeable future, which they have so far: recall that at the end of Q4, full-year capex estimates soared to a mindblowing $740 billion among just 6 hyperscalers (a number which is expected to rise to almost $1 trillion in 2027).

And at top of this trickle-down monetary waterfall is none other than Sam Altman's OpenAi, generously peeing money into the overeager mouths of hyperscalers around the globe, having built up staggering purchase commitments to the tune of $1.5 trillion because there will never be enough compute. 

Maybe Sam's right: perhaps there truly is an insatiable need for compute (unless of course one uses Chinese LLMs and/or RAM chips, both of which have a fraction of the hardware demands of the latest and greatest US technology). 

The problem arises when one asks if OpenAI will ever be enough revenue to satisfy these astronomic commitments. 

For much of the past year, that has been the core thesis behind countless AI bear cases: now that even Michael Hartnett openly calls tech a "bubble", the question is not if but when, to which the bulls have calmly countered that as long as the drunken-sailor at the helm of OpenAi keeps spending at the rate he has been, the "when" isn't coming any time soon.

It now appears, however, that the "when" may have come much sooner than most thought. 

According to the WSJ, OpenAI has recently missed its own targets for both new users and revenue, stumbles that have raised concern among some company leaders about whether it will be able to support its massive spending on data centers.

One of them is the company's finance chief: CFO Sarah Friar told other company leaders that she is worried the company might not be able to pay for future computing contracts if revenue doesn’t grow fast enough. In other words, that $1.5 trillion OpenAI had pledged to spend on various data centers, GPUs and memory chips... you can kiss all that goodbye.

Of course, none of this will come as a surprise to anyone familiar with Sam's mercurial style of capital allocation. As a reminder, when OpenAi made its $1.5 trillion flurry of deal announcements last fall, a few things were missing, among them how it plans to fund them, details of the bulk of the financial terms, and any mention of who was providing independent, clear-eyed advice on these complex mega transactions. The reason for that, as the FT reported at the time, is OpenAI still doesn’t know exactly how it will fund them, the terms mostly don’t exist, and advisers were overwhelmingly shunned.

In fact, we learned last October, Sam Altman came up with the “bold vision” himself and leaned heavily on a small number of lieutenants to flesh out the details and push the deals through with little involvement of bankers or lawyers.

One of the brilliant side quests completed by Altman during this period of epic obfuscation (and unprecedented wealth generation by Sam for himself from a "non-profit" thanks to nothing more than promises) was unleashing the AI circle jerk, pardon, circular financing concept, where one company would "invest" in its customer, only to see that money flow back to its through the income statement but not before lifting its PE by several turns; this process would be repeated countless of times lifting all AI valuations substantially even if no actual revenue or cash flow was created. Eventually, virtually every company in the AI sector was wrapped up in such circular structures that tied together suppliers, investors and customers (see "The Stunning Math Behind The AI Vendor Financing "Circle Jerk".")

Yet promises (and lies) can only go so far, and even the loftiest of grand schemes are eventually brought to the ground when the revenue fails to materialize. As it has for OpenAi.

As a result, the company's board of directors have started to closely examine the company’s data-center deals in recent months and questioned Sam Altman’s efforts to secure even more computing power despite the business slowdown, the WSJ reported.

The spending scrutiny is constraining Altman’s once-boundless ambitions ahead of a potential IPO that could take place by the end of the year (he desperately wants to go public before his former employee and arch nemesis, Dario Amodei takes Anthropic public).

Friar and other executives are now seeking to control costs and instill more discipline in the business, at times putting them at odds with their CEO; this may very well mean that the money spigot that has pumped hundreds of billions in capex promises is about to be shut as well, leaving the entire AI ecosystem in a Wile E Coyote moment, suspended in the air off the cliff, just before gravity kicks in.

In a desperate attempt to keep reality as far away as possible, the two heads of OpenAI had no choice but to deny there was any trouble in paradAIs: “We are totally aligned on buying as much compute as we can and working hard on it together every day,” Altman and Friar said in a joint statement. Any suggestion that the pair are divided or pulling back on securing new computing resources is “ridiculous,” they said. 

Well, of course they would: the alternative would be an immediate collapse of OpenAI's valuation as revenue growth suddenly collapses, and takes the entire AI bubble with it.

Still, with OpenAI having difficulty to generate even 2% of its spending commitments in the form of revenue (ignoring that the company will likely never be profitable), denials may be all OpenAI has left. 

For years, Altman has sought to lock up as much data-center capacity as possible, arguing that computing shortages were the biggest constraint to OpenAI’s growth. As noted above, Sam went on a "dealmaking" spree last year that put OpenAI on the hook for some $1.5 trillion in future spending commitments, and tied much of the tech sector’s success to OpenAI’s.

In other words, if OpenAI goes down, it will take the entire AI sector with it. And since AI is now 40% of the S&P500... you get the picture (if you don't, reread the comments above from Goldman's Delta One head).

Not that anyone can blame Sam for thinking he would get away with it: for a long time, he did. His “buy everything” computing strategy was buoyed by ChatGPT’s seemingly invincible success, and had the support of both Friar and the board. But the chatbot’s growth slowed toward the end of last year, especially as Claude starting stealing clients, sowing fresh doubt among company leaders about the approach.

What followed next was the first domino to fall: OpenAI missed an internal goal of reaching one billion weekly active users for ChatGPT by the end of last year, according to people familiar with the goals. The company still hasn’t announced that milestone, unnerving some investors the WSJ reports. It also missed its yearly revenue target for ChatGPT as well after Google’s Gemini saw massive growth late last year and ate into OpenAI’s market share. Worst of all, for the industry where there are still almost no switching costs, the company has also struggled with defection rates among subscribers, according to WSJ sources.

Things went from bad to worse in 2026 when OpenAI missed multiple monthly revenue targets earlier this year after losing ground to Anthropic in the coding and enterprise markets, people familiar with its finances said.

OpenAI recently raised $122 billion in what was the largest funding round in Silicon Valley history, putting it on more solid financial footing. But to get there, the company signed up for so much computing power that it expects to burn through that amount in the next three years, and that's assuming that it meets ambitious revenue targets. Some of the funding is also conditional and depends on specific agreements with partners (and may explain why Microsoft, which knows the company's business best of all, dramatically revised its agreement with OpenAI earlier today).  

To streamline costs, OpenAi recently cut non-core projects such as its video-generation app Sora. OpenAI also recently released GPT-5.5, a powerful model that topped a number of industry benchmarks. Then again, in an industry where the frontier jumps every 2-3 months, the latest model will be obsolete by July. 

Meanwhile, a blowback from within the user base is emerging: a number of AI companies including Anthropic have faced a capacity crunch for computing in recent weeks, leading to price increases for access to AI processors, outages and rationing. The challenges have rankled power users of AI products, especially coders who have grown frustrated when AI systems have been unable to finish tasks in a way they had come to expect from past use.

In a recent memo to investors, OpenAI said that it has been able to secure more computing capacity than Anthropic, giving it an advantage in reaching users. The memo, which was viewed by The Wall Street Journal, also addressed Anthropic CEO Dario Amodei’s veiled criticism of OpenAI at a recent business conference, when he said some companies had pulled “the risk dial too far” on data-center spending. 

“In hindsight, that caution looks less like discipline and more like underestimating how fast demand would arrive,” the OpenAI memo said. 

It would be extremely ironic is Anthropic's "caution" proves correct in the end, and OpenAI is forced to cancel its contracts as it simply does not have the money (but not before Masa Son implodes).

In recent months, Friar has also expressed reservations about OpenAI’s plans to go public by the end of this year, according to people familiar with the matter.  She has emphasized to executives and board directors the need for OpenAI to improve its internal controls, cautioning that the company isn’t yet ready to meet the rigorous reporting standards required of a public company. Altman, who has favored a more aggressive timeline for an IPO.

OpenAI has to work through a slate of other issues ahead of a public listing. The company is currently experiencing a leadership vacuum after its second-in-command, Fidji Simo, unexpectedly took medical leave earlier this month.

But the knockout blow for OpenAi could, ironically, come from the person who funded the company in the first place back when it was still an "Open" non-profit. Court proceedings began today in a lawsuit by Elon Musk in which he is seeking to oust Altman and unwind OpenAI’s conversion into a for-profit company. Should Musk prevail, OpenAI may or may not survive, but Sam Altman will have no choice but to move on to his next scam. 

Scam Altman has a incredible track record for being a con artist I don't think anyone has a "former ally turned enemy" list this big with directly with people he worked with

A massive new 18-month investigation dropped, revealing the full list of people who worked directly with… pic.twitter.com/1aOkUEsgkq

— X Freeze (@XFreeze) April 27, 2026 Tyler Durden Tue, 04/28/2026 - 09:25

US Home Prices Dipped In February For First Time Since June 2025

For the first time since June 2025, US home prices (in the largest 20 cities) fell in February (by 0.05% MoM) according to the latest (admittedly lagging and smoothed) Case-Shiller data.

The decline comes after prices surged into the turn of year and has now dragged the YoY gain in prices down to just +0.9% - the weakest since July 2023. 

The trend is clear across almost every city...

Given the lag in Case-Shiller data, one could argue that prices should be starting to rise here...

But the oddly tight coupling with Fed Reserves suggests the path is lower...

Is this Trump's 'affordability' plan kicking in? Or just lagged rates finally impacting reality.

Tyler Durden Tue, 04/28/2026 - 09:25

Amy Beck was placed on administrative leave, district officials confirmed Monday.

Trump, First Lady Demand Jimmy Kimmel Be Fired Over 'Widow' Joke Days Before Assassination Attempt

President Donald Trump and First Lady Melania Trump sharply escalated their long-running feud with late-night comedian Jimmy Kimmel on Monday, publicly demanding that the ABC host be immediately fired by Disney and the network over a joke he made days before a shooting incident at the White House Correspondents' Dinner.

The controversy centers on a comedic monologue Kimmel delivered on his April 23 episode of Jimmy Kimmel Live!, in which he staged an "alternative" version of the annual dinner roast. 

"Look at Melania, so beautiful. Mrs. Trump, you have a glow like an expectant widow." Kimmel also performed a Jeffrey Epstein-style impression introducing "Donald" and "Melania" and referenced a deleted Trump meme depicting the president as Jesus.

'AN EXPECTENT
WIDOW'
Jimmy Kimmel bashed for bad-taste joke about Melania becoming widow' before shooting pic.twitter.com/ybuMaii3Y7

— Simo Saadi (@Simo7809957085) April 27, 2026

As the Epoch Times notes further, the Trumps took serious offense.

“Kimmel’s hateful and violent rhetoric is intended to divide our country. His monologue about my family isn’t comedy—his words are corrosive and deepens the political sickness within America,” Melania wrote on Monday in a post on X.

“People like Kimmel shouldn’t have the opportunity to enter our homes each evening to spread hate.”

Kimmel’s hateful and violent rhetoric is intended to divide our country. His monologue about my family isn’t comedy- his words are corrosive and deepens the political sickness within America.

People like Kimmel shouldn’t have the opportunity to enter our homes each evening to…

— First Lady Melania Trump (@FLOTUS) April 27, 2026

Video footage of the incident at the Washington Hilton ballroom, where the dinner was being held, showed Melania Trump sitting next to the president and White House press secretary Karoline Leavitt. The first lady looked visibly shocked at one point and began to move off stage before she and Trump were whisked to safety by Secret Service agents.

A White House official confirmed to The Epoch Times that Cole Allen was arrested in connection with the shooting. The official said Allen allegedly wrote a manifesto and sent it to members of his family, and that he traveled from California to Washington before the shooting.

On Sunday, acting Attorney General Todd Blanche told NBC’s “Meet the Press” that Allen was likely targeting Trump and members of his administration before he was tackled by security officials outside the dinner.

While Trump praised the Secret Service during a “60 Minutes” interview on Sunday evening, a senior White House official told The Epoch Times in an emailed statement on Monday that chief of staff Susie Wiles will convene a meeting to review security protocols with administration officials.

It’s not the first time Kimmel has drawn criticism from the Trump administration. In September 2025, his show was taken off the air for several days after comments he made about conservative activist Charlie Kirk following his assassination. At the time, Federal Communications Commission Chairman Brendan Carr said Kimmel may have made misleading comments.

When he returned to his show, Kimmel said, “It was never my intention to make light of a murder of a young man. I don’t think there’s anything funny about it.”

Responding to the controversy, Trump criticized ABC for allowing Kimmel back on the air in a Truth Social post, calling the host “in jeopardy” and saying the network is “not funny.”

Trump told Fox News on Sunday morning that his wife was unharmed and is “doing great” after the shooting incident. A lone Secret Service agent was shot in the chest but was protected by a bulletproof vest, Trump has said.

ABC, which is owned by Disney, did not immediately respond to an Epoch Times request for comment. Kimmel and ABC have not issued any public comments in response to Melania Trump’s post.

Tyler Durden Tue, 04/28/2026 - 09:10

The last time the Nets won the draft lottery, it was the first step in a meteoric two-year rise to the NBA Finals.

Stop cutting Five Nights at Freddy's so much slack and let horror kids watch something good!

It was a game of theatricality and deception being played by the Rams in the lead-up to the NFL draft.

"Whoa, guys, this is just like Avatar."

The man accused of attempting to assassinate President Trump is now formally charged, as chilling new details emerge about his cross-country movements and weapons. Investigators say Cole Thomas Allen transported firearms across state lines before opening fire at the White House Correspondents’ Dinner. Meanwhile, King Charles arrives in Washington for a high-profile state visit, addressing...

Scoring the walk-off run on a feet-first slide, Shohei Ohtani leaped up and violently clapped his hands and slapped Dalton Rushing’s outstretched palm. The player who drove in Ohtani and Rushing in the Dodgers’ 5-4 comeback win over the Marlins on Monday night wasn’t nearly as animated. Kyle Tucker casually high-fived first base coach Chris...

First Of Many? UAE Exits OPEC As Iran Chaos Triggers Nationalistic Realignment Among Producers

Just days after the UAE publicly signaled liquidity concerns by requesting swap lines from the Federal Reserve to ease pressures on the country's banks, major Gulf oil producer, the UAE, has decided to exit the oil cartel - an unexpected development that crossed Bloomberg headlines on Tuesday morning around 0822 ET.

OPEC finished https://t.co/RtxJdZQeQh

— zerohedge (@zerohedge) April 28, 2026

The official website of the Emirates News Agency (WAM) broke the story, stating that the UAE has decided to exit OPEC and OPEC+ as of May 1, in line with the country's long-term strategic and economic plan.

The move would represent a major rupture within OPEC, with direct implications for the remaining 11 members: Saudi Arabia, Iran, Iraq, Kuwait, Venezuela, Nigeria, Libya, Algeria, Congo, Equatorial Guinea, and Gabon.

Yes it was https://t.co/SqwLJlxmDV

— zerohedge (@zerohedge) April 28, 2026

WAM said the decision reflects the "evolution of sector policies to enhance flexibility in responding to market dynamics, while continuing to contribute to market stability in a thoughtful and responsible manner."

OPEC was founded in Baghdad in September 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Its original purpose was to give oil-producing states more control over pricing and production after Western oil majors dominated global crude markets.

Important to note: UAE ranks among the top producers in OPEC (~4.05 million bpd), making it a major player with growing capacity ambitions (targeting 5 million bpd by 2027).

WTI futures fell on the news but have since rebounded.

UAE credit risk has soared since the start of the war...

UBS analyst Matthew Cowley responded to the developing, telling clients: "This would weaken OPEC's ability to defend price floors, especially during economic slowdowns." 

UAE's full statement:

Abu Dhabi, April 28 / WAM / The United Arab Emirates announced today its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, effective May 1, 2026.

This decision is in line with the UAE’s long-term strategic and economic vision and the development of its energy sector, including accelerating investment in domestic energy production, and reinforces its commitment to its role as a responsible and reliable producer that looks to the future of global energy markets.

This decision came after a thorough review of the UAE’s production policy and its current and future capacity, and in view of what the national interest requires and the state’s commitment to contribute effectively to meeting the urgent needs of the market, while geopolitical fluctuations continue in the near term through the disturbances in the Arabian Gulf and the Strait of Hormuz, which affect supply dynamics, as the basic trends indicate continued growth in global energy demand in the medium and long term.

The stability of the global energy system depends on the availability of flexible, reliable and affordable supplies, and the UAE has invested to meet the changing demands efficiently and responsibly, prioritizing supply stability, cost, and sustainability.

This decision comes after decades of constructive cooperation, as the UAE joined OPEC in 1967 through the Emirate of Abu Dhabi, and its membership continued after the establishment of the United Arab Emirates in 1971. During this period, the country played an active role in supporting the stability of the global oil market and promoting dialogue between producing countries.

The decision affirms the evolution of sector policies to enhance flexibility in responding to market dynamics, while continuing to contribute to market stability in a thoughtful and responsible manner.

The UAE is a reliable, cost-competitive, and low-carbon-intensity oil producer globally, contributing to global growth and emissions reduction.

After leaving OPEC, the UAE will continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions.

With a large and competitive resource base, the UAE will continue to work with partners to develop resources, supporting economic growth and diversification.

It is worth noting that this decision does not change the UAE’s commitment to the stability of global markets or its approach based on cooperation with producers and consumers, but rather enhances its ability to respond to changing market demands.

The UAE affirms its appreciation for the efforts of both OPEC and the OPEC+ alliance, as the country’s presence in the organization has made significant contributions and even greater sacrifices for the benefit of all. However, it is now time to focus efforts on what the UAE’s national interest requires, its commitment to its investment and importing partners, and the needs of the market, and this is what it will focus on in the future.

The UAE also affirms its continued commitment to responsible production policies and a focus on market stability, taking into account global supply and demand.

The state will continue to invest across the energy sector value chain, including oil and gas, renewable energy and low-carbon solutions, to support resilience and long-term transformation of the energy system.

The UAE values more than five decades of cooperation with partners, while continuing its active

Abu Dhabi's departure weakens OPEC's cohesion, and the oil cartel's fate now remains uncertain.

Tyler Durden Tue, 04/28/2026 - 08:40

Michael Irvin believes ESPN gave Rueben Bain Jr. the short end of the stick.

The actor and Kravitz were engaged from 2023 to 2024. She moved on with Styles in 2025, and Page Six broke the news Thursday that the singer proposed.