April 29, 2026 9:21 AM
UAE Announces Exit from OPEC, Citing Strategic Energy Shift
The United Arab Emirates has announced it will exit the Organisation of the Petroleum Exporting Countries and the broader OPEC+ alliance, with the decision taking effect from May 1, 2026. The move follows a comprehensive review of national production policy, capacity, and long-term economic priorities. Authorities say the decision reflects the country’s evolving energy profile and its aim to enhance flexibility in responding to global market dynamics. In a statement, the UAE said the step is ...


