New Delhi, Updated At: 06:29 PM Apr 28, 2026 IST
The United Arab Emirates has announced it will leave OPEC and the broader OPEC+ framework effective May 1, marking a significant recalibration of its long-term energy strategy. The UAE Ministry of Energy and Infrastructure said the decision follows a thorough review of its production policy and current and projected capacity, and is designed to better align energy operations with national economic priorities.
Officials described the move as part of an evolving national energy profile that emphasizes expanding domestic output while maintaining a responsible and dependable presence in global markets. The ministry stressed that departing OPEC is not a retreat from international cooperation; instead, it seeks greater flexibility to respond to market dynamics while continuing to support overall supply stability.
The statement acknowledged the UAE’s more than five decades of participation in the organisation—tracing ties back to Abu Dhabi’s involvement in 1967 and continuing after OPEC’s formal establishment in 1971—and expressed appreciation for the role OPEC and OPEC+ have played in balancing markets.
Noting that global energy demand is expected to rise despite near-term volatility, including tensions and disruptions around the Arabian Gulf and the Strait of Hormuz, the UAE said a flexible, reliable and affordable supply framework is essential. After leaving OPEC, the country plans to keep investing across the energy value chain — oil, gas, renewables and low‑carbon technologies — and to add production to markets progressively and in line with demand.
The UAE reiterated its commitment to global market stability and said it will remain engaged with international partners while pursuing economic diversification and a longer-term energy transition.
