The United Arab Emirates announced today its decision to withdraw from the Organisation of the Petroleum Exporting Countries (Opec) and Opec+, effective May 1, 2026.
This decision is in line with the UAE’s long-term strategic and economic vision and the development of its energy sector, including accelerating investment in domestic energy production, and reinforces its commitment to its role as a responsible and reliable producer that looks to the future of global energy markets.
This decision came after a thorough review of the UAE’s production policy and its current and future capacity, and in view of what the national interest requires and the state’s commitment to contribute effectively to meeting the urgent needs of the market, while geopolitical fluctuations continue in the near term through the disturbances in the Arabian Gulf and the Strait of Hormuz, which affect supply dynamics, as the basic trends indicate continued growth in global energy demand in the medium and long term.
The decision affirms the evolution of sector policies to enhance flexibility in responding to market dynamics, while continuing to contribute to market stability in a thoughtful and responsible manner.
The UAE is a reliable, cost-competitive, and low-carbon-intensity oil producer globally, contributing to global growth and emissions reduction.
After leaving Opec, the UAE will continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions.
