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UAE announces decision to exit OPEC and OPEC+ from May 1
The decision comes amid continued volatility in global energy markets, including disruptions affecting supply routes in the Arabian Gulf and the Strait of Hormuz. Image: REUTERS/Maxim Shemetov/File Photo The United Arab Emirates (UAE) will exit the Organisation of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance from May 1, 2026, marking a significant shift in its energy policy. The decision, announced on Tuesday, follows a review of the country’s production strategy and reflects its long-term economic priorities, including expanding domestic energy capacity and increasing flexibility in responding to global market dynamics. Authorities said the move is aligned with national interests and aims to enhance the UAE’s ability to meet evolving global energy demand while maintaining a role as a reliable supplier. The UAE joined OPEC in 1967 through Abu Dhabi and continued its membership following the formation of the federation in 1971, playing a role in supporting oil market stability and coordination among producing nations. Officials said the exit does not change the country’s commitment to global market stability, adding that production increases will be introduced gradually and in line with demand conditions. The decision comes amid continued volatility in global energy markets, including disruptions affecting supply routes in the Arabian Gulf and the Strait of Hormuz. The UAE said it will continue to invest across the energy value chain, including oil, gas, renewables and low-carbon solutions, as part of a broader strategy to support long-term energy system transformation. Authorities added that the country will maintain engagement with international partners while prioritising flexibility, sustainability and economic diversification in its future energy policy. Nicole Abigael is a reporter for Arabian Business, a journalist with a knack for unravelling intricate stories across several topics including but not limited to economics, politics, business, entrepreneurship,... More by Nicole Abigael For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
UAE announces decision to withdraw from Opec, Opec+ from May 1
After nearly six decades of being a part of the organisation, the UAE on April 28 announced its decision to exit the Organisation of the Petroleum Exporting Countries (Opec and Opec+).The decision, which will be effective May 1, 2026, comes after the nation's production policy and its capacity was reviewed.Recommended For You The UAE is a trusted producer of some of the world’s most cost-competitive and lower-carbon barrels, which will play an important role in supporting global growth and emissions reduction.Stay up to date with the latest news. Follow KT on WhatsApp Channels.Long-term growth despite volatilityIn its announcement, the UAE said that while near-term volatility — including disruptions in the Arabian Gulf and the Strait of Hormuz — affect the supply dynamics, underlying trends point to sustained growth in global energy demand in the long term.The nation said that it has invested to meet evolving demand efficiently and responsibly, prioritising stability, affordability, and sustainability — the pillars upon which a global energy system depends. Why it left OpecThe UAE joined Opec in 1967 through Abu Dhabi and continued its membership after the formation of the United Arab Emirates in 1971. Throughout this period, it has played an active role in supporting global oil market stability and strengthening dialogue among producing nations.The decision to leave, however, reflects a policy-driven change in the nation's approach, increasing flexibility to respond to market dynamics while continuing to contribute to stability in a measured and responsible manner.It also reflects the UAE’s long-term strategic and economic vision and changing energy profile, including higher investment in domestic energy production.Following its exit, the UAE stated it will continue to act responsibly, bringing additional production to market in a gradual and measured manner, aligned with demand and market conditions. The nation will continue working with partners to develop resources, supporting economic growth and diversification.'Significant contributions, greater sacrifices'The UAE has committed to global market stability in the past and will continue to do so, while enhancing its ability to respond to evolving market needs. While the nation emphasised its appreciation for both Opec and the Opec+ alliance, it said that it "made significant contributions and even greater sacrifices for the benefit of all". It added that the time has come to focus efforts on what nation...
UAE to Exit OPEC and OPEC+ by May 2026: National Interest, Oil Policy ...
UAE to exit OPEC and OPEC+ from May 2026, reshaping its oil policy to prioritise national interests, flexible production and long-term energy investments.
UAE announces exit from OPEC and OPEC+ effective May 1 - WION
By leaving the cartel, the UAE, the world's seventh-largest oil producer, gains full autonomy over its production levels. This allows the country to push toward its stated goal of increasing capacity to 5 million barrels per day (bpd) by 2027, free from the constraints of OPEC+ quotas.
