UAE to withdraw from OPEC, OPEC+

The United Arab Emirates announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+. The decision will be effective as of May 1, 2026, according to the state-run Emirati News Agency (WAM) on Tuesday. The report said the decision is in line with the country’s long-term strategic and economic vision and the development of its energy sector. The decision also reinforces the UAE’s commitment to its role as a responsible and reliable producer that looks to the future of global energy markets, it added. The UAE has joint OPEC in 1967. READ: Report: Israel deployed Iron Dome in UAE during war with Iran