The UAE announced its decision to leave OPEC and the OPEC+ alliance as of May 1, 2026, in a move that it said was based on a long-term strategic vision for the future of the energy sector and the country’s role in global markets.
According to what was reported by the Emirates News Agency, WAM, the decision came after a comprehensive review of the UAE’s production policy and its current and future capabilities, and in line with the national interest and the market’s need for flexible and reliable supplies, especially in light of geopolitical fluctuations and unrest in the Gulf and the Strait of Hormuz.
The UAE stressed that its exit from OPEC and OPEC+ does not mean it is abandoning support for the stability of energy markets, but rather gives it a broader ability to respond to market changes, while continuing to cooperate with producers and consumers.
The UAE joined OPEC in 1967 through the Emirate of Abu Dhabi, and its membership continued after the establishment of the state in 1971. It contributed for decades to supporting the stability of the oil market and enhancing dialogue between producing countries.
She explained that the next stage will witness a greater focus on its national interests and obligations towards partners, investors and importers, while continuing to provide responsible, sustainable and low-emission supplies.
After leaving the organization, the UAE will continue to increase production gradually and thoughtfully, according to demand and market conditions, while continuing to invest in oil and gas, renewable energy, and low-carbon solutions.
For his part, UAE Minister of Energy and Infrastructure Suhail Al Mazrouei said that ADNOC is no longer just a local producer, but rather a global company operating across the value chain in different regions of the world, noting that the decision gives the UAE greater flexibility in supporting global energy security and providing reliable, low-emission supplies. (Al Ain)
