April 29, 2026 3:27 PM
UAE Exits OPEC: What It Means for the World & India
The United Arab Emirates has announced it will exit the Organization 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. To understand why the UAE has walked away...


