UAE to withdraw from OPEC and OPEC+
- Posted on April 28, 2026
- By Le Monde
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- 1 min read
In brief
The United Arab Emirates has announced its departure from OPEC and OPEC+ effective May 1, 2026, marking a significant shift in global oil market dynamics. This strategic decision reflects the nation's desire to pursue independent energy policies and diversify its economic interests. The move comes as major oil-producing nations reassess their organizational commitments amid evolving geopolitical tensions and fluctuating energy demands worldwide.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
UAE to withdraw from OPEC and OPEC+
The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels on May 1, 2026, state media said, calling it a strategic decision by the major producer.
