UAE reportedly to exit OPEC and OPEC+ amid global market concerns
Abu Dhabi / International Desk:Reports circulating in international media suggest that the United Arab Emirates (UAE) has decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.According to the reports, the decision is expected to take effect from May 1, 2026. It is claimed that the UAE aims…
Abu Dhabi / International Desk:
Reports circulating in international media suggest that the United Arab Emirates (UAE) has decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.
According to the reports, the decision is expected to take effect from May 1, 2026. It is claimed that the UAE aims to gain greater autonomy over its oil production and export policies.
However, there has been no official confirmation from UAE authorities or OPEC at this stage. Energy analysts warn that if confirmed, such a move could significantly impact global oil supply dynamics and price stability.
OPEC, established in 1960, includes major oil-producing nations such as Saudi Arabia, Iran, Iraq, and Kuwait, while OPEC+ comprises additional non-member producing countries.
