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UAE on OPEC and OPEC+
May 4 , 2026
16 hrs 0 min
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- The United Arab Emirates announced it will exit Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ from May 1, 2026.
- The move aims to increase production flexibility and allow independent energy policy decisions.
- The UAE has been a member of OPEC since 1967, marking nearly six decades of association.
- It is one of the few countries with high spare oil production capacity.
- The exit may weaken OPEC’s control over global oil supply and price stability.
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