UAE: UAE Announces Strategic Exit from OPEC and OPEC+

  • UAE
  • April 29, 2026

The United Arab Emirates has announced its official withdrawal from OPEC and OPEC+, effective May 1, 2026. The decision marks a significant shift in national energy policy, as the country prioritizes production capacity expansion and economic flexibility amid ongoing regional tensions. While the announcement triggered a temporary 3% dip in crude prices, markets remain supported near the $100 mark due to persistent security risks in the Strait of Hormuz.

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