UAE’s Opec Exit Brings Malaysia ‘Mixed’ Fortunes, Says Analyst

UAE’s Exit from OPEC: Eroding Pricing Power, Saudi Arabia’s Response, and the Implications for Nigeria - Tech

In a move that has sent ripples through global energy markets, the United Arab Emirates (UAE) announced on April 28, 2026, that it will formally withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance effective May 1. The UAE, one of OPEC’s largest and most capable producers with output around 3.2–3.6 million barrels per day (bpd) and significant spare capacity, cited national interests and the n…

The oil swan. How the UAE exit from OPEC will hit Russia

On May 1, the UAE withdrew from OPEC. The largest member of the cartel in his history left the alliance without warning partners. Behind this decision are two years of accumulated contradictions with Saudi Arabia – from the war in Yemen and Sudan to the personal rivalry of the two rulers – and simple arithmetic. By investing $150 billion in production capacity, Abu Dhabi was forced to keep them in jail for a quota that cost the country tens of b…

UAE’s Opec exit brings Malaysia ‘mixed’ fortunes, says analyst

The Organization of Petroleum Exporting Countries and its alliance Opec+ coordinate oil production to influence global supply and stabilise prices. (EPA Images pic) PETALING JAYA: The United Arab Emirates’ shock withdrawal from the Organization of Petroleum Exporting Countries (Opec) and its wider alliance, Opec+, could have far‑reaching consequences for Malaysia, bringing opportunity and risk, says an energy analyst. Samirul Ariff Othman, an ad…