UAE to Exit OPEC, Signals Strategic Shift in Oil Policy

The United Arab Emirates has announced its decision to exit the Organization of the Petroleum Exporting Countries and the OPEC+, effective May 1, 2026, Anupam Varma and Nivetha Dayanand reported for Gulf News.

The announcement comes amid ongoing volatility in global energy markets, including disruptions in the Arabian Gulf and the Strait of Hormuz. (Photo: Rickmaj, Wikimedia Commons)

The decision follows a comprehensive review of the UAE’s production policy and its current and future capacity.

Officials said the move reflects the country’s long-term strategic and economic vision, including accelerated investment in domestic energy production. The UAE said the decision was made in its national interest and aligns with its commitment to respond effectively to evolving market conditions.

The announcement comes amid ongoing volatility in global energy markets, including disruptions in the Arabian Gulf and the Strait of Hormuz, which continue to affect supply dynamics.

Despite near-term uncertainty, the UAE said underlying trends point to sustained growth in global energy demand over the medium to long term.

It added that a stable energy system depends on flexible, reliable, and affordable supply, noting its investments aimed at meeting demand efficiently while supporting stability, affordability, and sustainability.