The United Arab Emirates (UAE) has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ agreement, effective May 1, 2026.
Operative Information Center-OMM reports that the state news agency WAM released the official statement regarding the move. "Today, the UAE announced its decision to exit the Organization of the Petroleum Exporting Countries (OPEC and OPEC+) starting May 1, 2026. This decision reflects the UAE's long-term strategic and economic vision, as well as the country's changing energy profile, including accelerated investments in domestic energy production," the report stated.
The official announcement emphasized that the decision was reached following a comprehensive analysis of the UAE's production policies and its current and future capacities. The move is based on the country's national interests and its desire to contribute effectively to meeting actual market needs. The statement was issued ahead of the upcoming OPEC meeting scheduled for April 29 in Vienna.
"While short-term volatility, including disruptions in the Arabian Gulf and the Strait of Hormuz, continues to affect supply dynamics, fundamental trends indicate steady growth in global energy demand over the medium and long term," the agency noted. The UAE expressed gratitude for the efforts of both OPEC and the OPEC+ alliance, wishing them success in their future endeavors.
The UAE, which produces approximately 3 to 3.5 million barrels of oil per day, has been a significant contributor to the organization. However, officials stated that it is now time to redirect efforts toward national interests and commitments to investors, customers, and global energy markets. OPEC, established in 1960, and the broader OPEC+ alliance have historically sought to stabilize global oil prices through production quotas. The UAE's departure follows a trend of certain member states seeking more flexibility in production to support domestic economic diversification and infrastructure projects.
