The announcement comes amid ongoing volatility in global energy markets
The United Arab Emirates has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries and the OPEC+ alliance, with effect from 1 May 2026, in a move reflecting the country’s evolving energy strategy and long-term economic priorities.
The decision follows a comprehensive review of the UAE’s production policy, as well as its current and future capacity, and is grounded in what officials described as the national…
