UAE exits OPEC after nearly 60 years, ending three years of quiet deliberation
The United Arab Emirates has officially exited OPEC after nearly 60 years of membership. This decision, effective May 1, 2026, follows three years of internal discussions regarding the country's energy policy. The UAE's departure is significant as it was the third-largest producer in the cartel, and it seeks greater production flexibility moving forward.
- ▪The UAE announced its exit from OPEC on April 28, 2026.
- ▪The UAE's current production cap is around 3 million barrels per day, while its actual capacity is closer to 4.8 million barrels per day.
- ▪Dr. Anwar Gargash stated that the departure is aimed at achieving 'strategic autonomy' in energy policy.
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UAE exits OPEC after nearly 60 years, ending three years of quiet deliberation Dr. Anwar Gargash says the departure is about production flexibility as the world's energy landscape shifts beneath OPEC's feet. Share Add us on Google by Editorial Team May. 22, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv)…
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