UAE To Exit OPEC After Nearly 60 Years
The United Arab Emirates will leave OPEC and OPEC+ on May 1, 2026, ending a 59-year membership to increase oil production amid rising global demand and supply disruptions. The move follows long-standing tensions over production quotas, as the UAE seeks to leverage expanded capacity and a more flexible energy policy. While citing national interest and market responsiveness, the UAE emphasized its continued commitment to stable energy markets. The decision comes during heightened regional tensions and could further strain OPEC's cohesion.
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Carla SertinBusinessApr 28, 2026 11:00 AMThe UAE Will Exit OPEC After Nearly 60 YearsOn May 1, the United Arab Emirates will end its a 59-year membership in the oil consortium, allowing it to raise output during one of the most volatile energy markets in years.Photograph: Getty ImagesCommentLoaderSave StorySave this storyCommentLoaderSave StorySave this storyThe UAE has announced that it will leave OPEC and OPEC+ effective May 1, ending a membership that began in 1967—four years before the UAE itself was founded as a country.
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