US EditionUnited Arab Emirates says it will leave OPEC amid energy turmoil
- On Tuesday, the United Arab Emirates announced its withdrawal from the Organisation of the Petroleum Exporting Countries and OPEC+, effective May 1, 2026. The move aims to accelerate domestic energy investment as part of its long-term strategic vision.
- The decision follows decades of cooperation since the UAE joined OPEC in 1971. Diplomatic tensions have risen as Presidential advisor Anwar Gargash criticized Gulf Cooperation Council allies on Monday for their "weak" collective response to Iranian attacks.
- Energy prices jumped as U.S. West Texas Intermediate crude reached nearly $102 per barrel following the announcement. President Donald Trump welcomed the exit, having accused OPEC of "ripping off the rest of the world" by inflating oil prices.
- State-Run news agencies reported that the UAE will continue "bringing additional production to market in a gradual and measured manner." This policy shift addresses long-term economic visions amid ongoing instability in the Strait of Hormuz.
- Threats against vessels in the Strait of Hormuz persist, complicating regional supply dynamics and affecting OPEC Gulf producers. The UAE remains a critical ally for Washington in the Middle East despite these ongoing security challenges.
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723 Articles
The Wiring Beneath the AI Revolution
When the UAE announced on April 28th that it was leaving OPEC, effective May 1st, the immediate market reaction was muted. And that, paradoxically, is what makes the decision so significant. This was not a panic move. It was a long-prepared strategic exit, pulled forward by a war that made delay untenable.
The decision by the United Arab Emirates to leave OPEC finally gives Abu Dhabi the freedom to pump as much oil as it...
What's next for OPEC after the UAE's withdrawal?
LONDON — The exit of the UAE from OPEC and OPEC+ starting in May has cast doubts over the Saudi-led cartel's future after losing its fourth largest producer and further strains ties between the two Gulf rivals.While the United Arab Emirates is not the first country to leave OPEC, it is by far the biggest oil producer to do so — dealing a massive blow to the group's hegemony and its ability to regulate oil prices and absorb shocks.What was the UA…
UAE’s Departure From OPEC Shakes Up The Alliance That Influences Oil Prices Worldwide
The decision by the United Arab Emirates to leave the OPEC oil cartel shook up the 65-year-old alliance that produces some 40% of the world’s crude oil and exerts major influence over the price of energy around the globe. The UAE said in the announcement Tuesday that when it leaves OPEC this Friday, it plans […]
The United Arab Emirates announced on Tuesday, April 28, its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), a decision that surprised markets. Effective May 1, it was taken in the name of their "national interests," Abu Dhabi stated. At the heart of the tensions: Iran, also a member [...]
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