The United Arab Emirates Announces Its Withdrawal from OPEC and OPEC+ Starting May 1
UAE’s Strategic Withdrawal from OPEC
On Tuesday, April 28, 2026, the United Arab Emirates announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) as well as the OPEC+ alliance, with an effective date set for May 1.
A Long-term Strategic Decision
According to the Emirates News Agency, this choice aligns with the nation’s long-term economic and strategic vision. The UAE aims to further develop its energy sector and accelerate investments in domestic production while solidifying its position as a reliable and responsible producer in global markets.
Review of Production Policies
This decision follows a thorough review of the country’s production policies and its current and future capacities, designed to align with its national interests and commitment to effectively meet global energy demand.
An Uncertain Geopolitical Context
The withdrawal occurs amid ongoing geopolitical tensions, particularly in the Gulf region and the Strait of Hormuz, which continue to influence supply dynamics in oil markets. However, forecasts suggest a continued growth in energy demand in the medium to long term.
