UAE officially announces exit from OPEC
The United Arab Emirates (UAE) has officially announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the extended OPEC+ framework. The decision will take effect on May 1, 2026. The main reason cited by the authorities is the country’s strategic intention to increase its oil production capacity.
According to the state news agency WAM, the decision was made after a thorough analysis of the country’s energy policy. The UAE plans to accelerate investments in domestic production to fully utilize its growing capacity. The current restrictions (quotas) within OPEC+, where the UAE’s share was about 13.5%, no longer align with the country’s national interests.
An additional factor is the instability in the Persian Gulf and the Strait of Hormuz, which is pushing the country to act more flexibly and independently in matters of hydrocarbon supply.
Despite leaving the organization, the UAE has pledged to maintain its status as a “responsible producer.” Any increase in production will be carried out gradually, in line with actual global demand.
Nevertheless, experts describe this development as a “negative signal” for OPEC+ unity, as the departure of a key player could weaken control over global oil prices.
ORIENT
