UAE to leave OPEC, OPEC+ on May 1, citing interests

Summary

State media said the UAE will leave OPEC and OPEC+ on May 1, 2026, saying it will focus on national interests.

Why this matters

The UAE's exit removes a major oil producer from OPEC and OPEC+, groups that help shape global oil supply. The move also comes amid wider regional conflict and disruption to a key oil shipping route.

The United Arab Emirates will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ group on May 1, 2026, state media said Tuesday.

A statement carried by the official WAM news agency said the move was aimed at focusing on “national interests.”

“This decision reflects the UAE’s long-term strategic and economic vision and evolving energy profile,” the statement said.

“During our time in the organisation, we made significant contributions and even greater sacrifices for the benefit of all.

“However, the time has come to focus our efforts on what our national interest dictates.”

The announcement came as energy prices rose during the Middle East war. Gulf oil shipments have also been disrupted by Iran’s blockade of the Strait of Hormuz.

The article also said the UAE, which has been hit by Iranian attacks, has faced strains in its relationship with neighboring Saudi Arabia, the world’s top oil exporter and a leading force within OPEC+.

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