The United Arab Emirates will exit OPEC and OPEC+ effective May 1, 2026, following a review of national production policy and future capacity.
The UAE joined OPEC in 1967 and has been a core contributor to global oil market coordination for over five decades.
The move comes amid ongoing supply volatility linked to regional disruptions, including the Strait of Hormuz, while medium to long-term global energy demand remains on a growth trajectory.
Post-exit, the UAE will manage production independently, committing to gradual supply increases aligned with demand and market conditions. The country continues to position itself as a reliable supplier of cost-competitive, lower-carbon barrels, while investing across oil, gas, renewables and low-carbon energy.
Gulf Economist Staff Writer