UAE to exit OPEC and OPEC+ effective May 1, 2026

April 28, 2026 / 5:28 PM

Sharjah24: The United Arab Emirates has announced its decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and OPEC+, effective May 1, 2026, in line with its long-term strategic and economic vision and evolving energy profile.

The decision follows a comprehensive review of the UAE’s production policy and future capacity, reflecting national priorities and a commitment to meeting global energy demand. It also underscores the country’s focus on accelerating investment in domestic energy production while maintaining a responsible role in global markets.

Flexible approach in a changing energy landscape

Amid ongoing market volatility, including disruptions in the Arabian Gulf and the Strait of Hormuz, the UAE emphasised the importance of a flexible, reliable, and affordable energy supply. The move marks a policy evolution to enhance responsiveness to market dynamics while supporting long-term global demand growth.

Continued role as a reliable energy partner

Despite exiting OPEC and OPEC+, the UAE reaffirmed its commitment to global market stability, stating it will continue to supply energy gradually and in line with demand. The country highlighted its position as a producer of cost-competitive, lower-carbon resources.

Commitment to future energy investments

The UAE confirmed it will continue to invest across the energy sector, including oil, gas, renewables, and low-carbon technologies, to support economic growth and long-term energy transformation.