UAE To Exit OPEC After Nearly 60 Years
- Posted on April 28, 2026
- By Wired
- 0 Views
- 1 min read
In brief
The United Arab Emirates announced its departure from OPEC after nearly six decades of membership, effective May 1st. This strategic move enables the UAE to independently manage its crude oil production without adhering to the consortium's output restrictions. The timing coincides with unprecedented volatility in global energy markets, positioning the nation to capitalize on market opportunities and pursue autonomous petroleum policies aligned with its economic objectives.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
UAE To Exit OPEC After Nearly 60 Years
On 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.
