US EditionUnited Arab Emirates says it will leave OPEC amid energy turmoil
The move gives Abu Dhabi more control over output as ADNOC pursues a 5 million-barrel-a-day capacity target, analysts said.
- 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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369 Articles
The United Arab Emirates are leaving the Opec, the most powerful oil cartel. This has to do with the Iranian crisis – and is a victory for Donald Trump.
UAE leaves OPEC in blow to global oil producers’ group
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers’ group as an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations. The exit of the UAE – one of the group’s biggest producers – weakens OPEC’s control over global oil supplies and widens a rift between the UAE and its neighbour Saudi Arabia, effectively the leader of the Organization of the Petroleum Exporting Count…
United Arab Emirates Announces Exit from OPEC, OPEC+
The United Arab Emirates has announced it will withdraw from OPEC and the wider OPEC+ alliance, in a move aimed at prioritising its national interests amid rising global energy tensions. According to a statement carried by the state news agency WAM, the UAE will formally exit the oil producer groups on Friday, May 1. Officials said the decision reflects the country’s long-term strategic and economic vision, as well as its evolving energy profile…
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