The United Arab Emirates (UAE) has formally announced its withdrawal from the Organisation of the Petroleum Exporting Countries (OPEC) and its allied grouping OPEC+, with the decision set to take effect from May 1. The move arrives during a period of intense geopolitical instability, as the ongoing Iran war continues to disrupt global energy flows and trigger widespread economic uncertainty.
The announcement was made via the UAE’s official state news agency, WAM, on Tuesday, which framed the decision as part of a broader recalibration of national energy and economic priorities.
According to the government, the exit reflects a shift in the country’s long-term development approach, particularly as it accelerates investments in domestic energy production capacity and diversification. Officials stressed that the UAE’s energy strategy is evolving in response to changing global demand patterns and technological transformation within the sector.
In its statement, the UAE underlined that the decision is aligned with a broader vision for economic resilience and future readiness.
Commitment To Global Market Stability
Despite stepping away from the OPEC framework, the UAE sought to reassure global markets that it does not intend to abandon its role in stabilising energy supply chains. Authorities stressed that the country will continue to contribute responsibly to international markets.
"This decision reflects the UAE's long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy markets," the UAE said.
Officials further clarified that future production decisions will be guided by global demand conditions rather than collective quotas. The country stated that it will continue to release additional oil supplies in a gradual and carefully calibrated manner to avoid market shocks.
"Following its exit, the UAE will continue to act responsibly, bringing additional production to market in a gradual and measured manner, aligned with demand and market conditions," the country added.
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