United Arab Emirates14h ago
UAE to quit OPEC and OPEC+
UAE confirms withdrawal from OPEC and OPEC+, effective May 1, 2026.
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Updated
Tuesday, 28 April 2026 at 12:24 UTC
Synthesis · 10 sources
The United Arab Emirates has confirmed its withdrawal from OPEC and OPEC+, effective May 1, 2026. The move frees the UAE from cartel production quotas, allowing it to pump oil at full capacity. This decision follows months of tensions over production limits and could reshape global oil markets.
Updates · 6
14h ago@KobeissiLetter
The UAE has specified the effective date of May 1st for its departure from OPEC, confirming the end of its 59-year membership. The message frames this as part of the broader reshaping of the global energy industry due to the Iran War.
14h ago@FaytuksNetwork
Reuters now reports the UAE has confirmed its exit from both OPEC and OPEC+, citing an official statement.
14h ago@disclosetv
UAE Energy Secretary confirmed the withdrawal date and cited flexibility as the reason, adding a direct quote.
14h ago@clashreport
The UAE Energy Minister clarified that the decision to quit OPEC was made independently and without consulting Saudi Arabia or other members.
14h ago@FaytuksNetwork
The UAE has now set a specific effective date of May 1, 2026, for its OPEC withdrawal, citing a review of production policy and national interest.
13h ago@Osint613
The UAE stated the withdrawal will free it from cartel production quotas, allowing full-capacity pumping, independent export strategy, and crude pricing.
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