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United Arab Emirates says it will leave OPEC effective May 1

  • Posted on April 28, 2026
  • By The Toronto Star
  • 0 Views
  • 1 min read
In brief

The United Arab Emirates has made a significant decision to withdraw from OPEC, effective May 1st. This strategic move marks a pivotal moment in global energy politics, as the UAE seeks greater independence in managing its oil production and pricing strategies. The departure reflects growing tensions within the cartel and the nation's desire to pursue its own economic interests without the constraints of OPEC membership agreements.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

United Arab Emirates says it will leave OPEC effective May 1
United Arab Emirates says it will leave OPEC effective May 1

DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC effective May 1.
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Author
The Toronto Star

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