US Edition
United Arab Emirates says it will leave OPEC amid energy turmoil
The move follows a policy review and would let the UAE raise output above OPEC+ caps, officials said.
- On Tuesday, the United Arab Emirates announced its withdrawal from the Organisation of the Petroleum Exporting Countries and OPEC+, effective May 1, 2026. The move aims to accelerate domestic energy investment as part of its long-term strategic vision.
- The decision follows decades of cooperation since the UAE joined OPEC in 1971. Diplomatic tensions have risen as Presidential advisor Anwar Gargash criticized Gulf Cooperation Council allies on Monday for their "weak" collective response to Iranian attacks.
- Energy prices jumped as U.S. West Texas Intermediate crude reached nearly $102 per barrel following the announcement. President Donald Trump welcomed the exit, having accused OPEC of "ripping off the rest of the world" by inflating oil prices.
- State-Run news agencies reported that the UAE will continue "bringing additional production to market in a gradual and measured manner." This policy shift addresses long-term economic visions amid ongoing instability in the Strait of Hormuz.
- Threats against vessels in the Strait of Hormuz persist, complicating regional supply dynamics and affecting OPEC Gulf producers. The UAE remains a critical ally for Washington in the Middle East despite these ongoing security challenges.
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584 Articles
UAE’s shock oil move could upend the world
The United Arab Emirates has sensationally quit the Organisation of Petroleum Exporting Countries (OPEC) — a group, often referred to as a cartel, that supplies around a third of the world’s oil — as global energy markets contend with the biggest supply crisis in history.
How the UAE's departure from OPEC could impact oil markets
There seems to be little movement on the resumption of talks between the U.S. and Iran. There is also almost no movement through the Strait of Hormuz, the vital bottleneck that's essentially cut off 20% of the world's oil and gas supply. Tuesday, the UAE announced it will leave OPEC, the cartel that has largely controlled oil supplies for decades. Amna Nawaz discussed more with Karen Young.
MarketWatch
RocketNewsU.A.E. is leaving OPEC but will still need to exercise caution as it increases oil production
The United Arab Amirates decision to leave the Organization of the Petroleum Exporting Countries at the end of the week came as a surprise to some, especially during a time of severe global disruptions to oil production and passage through in the Middle East.
The United Arab Emirates leave Opec, the cartel of oil producing countries, striking a hard blow to the influence of the organization on global markets...
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