UAE's Bold Move: Exiting OPEC to Shape Its Energy Future
In a significant move, the United Arab Emirates has announced its departure from the oil cartel OPEC, effective May 1. This decision, communicated through the state-run WAM news agency, reflects the UAE's evolving energy strategy and commitment to domestic production. The announcement comes amid increasing tensions with Saudi Arabia over economic issues and the ongoing conflict in Yemen. This shift could have far-reaching implications for the global energy market, as the UAE seeks to redefine its role in the industry.
| Apr 28, 2026, 18:41 IST
UAE's Departure from OPEC
Dubai: On Tuesday, the United Arab Emirates declared its intention to exit the oil-producing group OPEC, effective from May 1.
This announcement was made through the UAE's state-operated WAM news agency.
According to the UAE, "This decision aligns with our long-term strategic and economic goals, reflecting an evolving energy landscape that prioritizes domestic energy investments. It underscores our commitment to a responsible and forward-thinking role in the global energy sector."
The decision also highlights growing tensions between the UAE and Saudi Arabia, particularly regarding economic matters and the ongoing conflict in Yemen involving the Iran-supported Houthi rebels.