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United Arab Emirates to exit OPEC from May 1, cites strategic shift in energy policy
Updated On: 28 April, 2026 07:41 PM IST | Dubai | AFP
The United Arab Emirates has announced that it will leave the Organisation of the Petroleum Exporting Countries (OPEC) effective May 1. The decision, reported by the state-run WAM news agency, reflects the country’s long-term economic and energy strategy
-1777382985531_d.png "United Arab Emirates to exit OPEC from May 1, cites strategic shift in energy policy")
OPEC to lose key member as UAE plans withdrawal. PIC/AFP
The United Arab Emirates will withdraw from the OPEC and OPEC+ oil cartels to focus on "national interests", a statement said on Tuesday, a bombshell announcement as energy prices soar over the Middle East war.
The UAE, one of the world's top oil producers, which has previously baulked at OPEC production quotas, will pull out on Friday, a statement carried by the official WAM news agency said.
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