United Arab Emirates says it will leave OPEC, a blow to the oil cartel
- Posted on April 28, 2026
- By Los Angeles Times
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- 1 min read
In brief
The United Arab Emirates has announced its withdrawal from OPEC, marking a significant shift in the global oil market dynamics. This strategic decision stems from long-standing tensions over production quota restrictions that the UAE viewed as unfairly limiting its export capacity. By leaving the cartel, the Emirates aims to maximize its oil sales potential without OPEC-imposed constraints, reflecting broader geopolitical and economic realignments within the Middle Eastern energy sector.
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United Arab Emirates says it will leave OPEC, a blow to the oil cartel
The UAE's decision had been rumored as a possibility for some time, as it pushed back in recent years against OPEC production quotas it felt had been too low — meaning it wasn't able to sell as much oil to the world as it had wanted.
